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ABB Motion Ventures, the strategic venture arm of ABB, and quantumEDGE's portfolio company UptimeAI - a leading AI startup for industrial asset reliability, today announced a new strategic partnership. The collaboration, which includes a strategic minority investment from ABB in UptimeAI, is set to transform how industrial customers manage the health and performance of their assets.
This collaboration combines UptimeAI's cutting-edge AI and machine learning algorithms with ABB's extensive industry expertise. The partnership will focus on providing actionable insights into the health of rotating equipment, with the goal of improving failure prediction, health forecasting, and maintenance optimization.
The initial focus of this collaboration will be on the Cement, Metals, and Water Pipes industries in India. This alliance is set to drive operational excellence, reduce unplanned downtime, and enhance overall productivity for customers in these critical sectors.
“This partnership is a prime example of our commitment to delivering innovative solutions that address the unique challenges of our industrial customers,” said Soenke Kock of ABB Motion Services.
Jagadish Gattu, CEO of UptimeAI, added, “We are excited about the opportunity to deliver next-generation asset performance management services, and in doing so, to provide customers with deep insights into their asset performance while reducing maintenance costs and risks.”
The investment underscores quantumEDGE Ventures’ strategy of identifying and supporting transformative technologies that are poised to redefine industrial sectors. UptimeAI's innovative platform aligns perfectly with our vision of backing companies that deliver powerful, data-driven solutions to solve complex, real-world problems.
For more details on the partnership, please refer to the detailed announcements from ABB and UptimeAI.
UptimeAI is a San Francisco-based AI software company offering operational excellence capabilities via its AI Expert OEx platform. The company empowers engineers to solve operational issues faster by explaining the relationships between reliability, performance, and equipment to automatically diagnose the root cause and suggest mitigations. Many global industrial customers have implemented UptimeAI’s solutions across North America, the Middle East, and India.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. With a history of excellence spanning more than 140 years, ABB’s success is driven by 110,000 talented employees in over 100 countries.
ABB Motion is a global leader in motors and drives, and is at the core of accelerating a more productive and sustainable future. It innovates and pushes the boundaries of technology to contribute to energy-efficient, decarbonizing, and circular solutions for customers, industries, and societies.