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quantumEDGE Ventures led the Pre-Series A funding round for its new portfolio company, ASETS-CA Inc., alongside Accel and Deepak Group. The investment will be used to accelerate the development and deployment of ASETS-CA’s AI-native engineering platforms, hire new talent, and expand market partnerships.
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Mitsubishi Estate, through its CVC BRICKS FUND TOKYO, has made a strategic investment in the AI startup UptimeAI - a portfolio company of quantumEDGE. The partnership will use UptimeAI's advanced AI to improve asset reliability, predict equipment failures, and reduce maintenance costs in industrial sectors. This collaboration supports Mitsubishi Estate's goal of advancing digitalization and sustainability within critical infrastructure.
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ABB Motion Ventures has made a strategic investment in quantumEDGE's portfolio company UptimeAI to combine their respective expertise in AI and industrial equipment. This collaboration aims to improve asset health and performance management, reduce downtime, and optimize maintenance in heavy asset industries, beginning with the Cement, Metals, and Water Pipes sectors in India.
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Yokogawa Electric Corporation has formed a strategic business and capital partnership with UptimeAI, a portfolio company of quantumEDGE, to integrate its AI-powered operational excellence platform into Yokogawa's OpreX Asset Health Insights service. This collaboration, which includes a capital investment from Yokogawa, aims to provide industrial plant operators in sectors like oil and gas, chemicals, and power with an AI assistant for predictive insights and root cause analysis.
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UptimeAI, a leading AI software company for industrial operational excellence, has secured $14 million in Series A funding to accelerate its global expansion. The round was led by WestBridge Capital, with participation from Emergent Ventures and Aditya Birla Ventures. This investment will be used to scale the company's technology platform and expand its presence in key markets, helping industrial enterprises improve asset reliability and efficiency.
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