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BRICKS FUND TOKYO, the Corporate Venture Capital arm of Mitsubishi Estate, today announced a strategic investment in quantumEDGE's portfolio company UptimeAI -a pioneering AI startup focused on industrial asset reliability. This partnership marks a significant step towards accelerating the digital transformation of critical process industries globally.
The collaboration will leverage UptimeAI’s advanced deep learning and large language models to provide unprecedented insights into asset performance, predict potential failures, and ultimately drive down maintenance costs. By integrating UptimeAI’s platform, Mitsubishi Estate aims to enhance operational excellence and promote sustainability within its extensive network.
UptimeAI’s core technology includes AI Expert modules that cover over 1,000 failure modes, enabling proactive root cause analysis, continuous improvement, and effective knowledge management for maintenance teams.
“This investment is a testament to our vision of supporting innovation in crucial infrastructure sectors that have historically been slower to adopt digitalization,” said Hayato Takesue and Katsuyuki Hasegawa of BRICKS FUND TOKYO. “We believe UptimeAI’s technology has the potential to transform how key industries manage their assets, making operations more efficient, reliable, and sustainable.”
Jagadish Gattu, Founder and CEO of UptimeAI, expressed his enthusiasm for the partnership. “We are thrilled to join forces with Mitsubishi Estate, a leader in global real estate and investment. This strategic alliance allows us to tackle real-world challenges and scale our advanced AI/ML capabilities to a wider market. Together, we are poised to enhance asset performance and contribute to a more sustainable industrial future.”
The investment aligns with Mitsubishi Estate’s strategic pillars of Industry Transformation and Sustainability, reinforcing its commitment to fostering innovation that has a positive impact on both business and the environment.
For more details, please refer to the announcements on Access Newswire and UptimeAI.
UptimeAI is a San Francisco-based AI software company offering operational excellence capabilities through its AI Expert OEx platform. The company empowers engineers to solve operational issues faster by explaining the relationships between reliability, performance, and equipment. Its platform automatically diagnoses root causes and suggests mitigations. UptimeAI's solutions have been implemented by many global industrial customers across North America, the Middle East, and India.
Mitsubishi Estate is one of Japan's leading real estate developers with a diverse portfolio that includes urban development, commercial, residential, and hospitality properties. The company operates BRICKS FUND TOKYO, a corporate venture capital arm that focuses on investing in startups that solve social issues and contribute to long-term social impact, particularly within the realms of industry transformation and sustainability.