Uptake raises $40 million at $2 billion valuation


Chicago-based tech unicorn Uptake just raised $40 million from Revolution Growth, catapulting its valuation from $1.1 billion in 2015 to a whopping $2 billion, a rare feat for a startup not founded in the “Land of Unicorns”, aka Silicon Valley. Uptake, a software company focusing on “Outcomes as a Service”, uses predictive analysis and machine learning to solve problems for the world’s leading industries, from mining, aviation, rail, construction, agriculture, energy to retail. Using sensors, Uptake collects data from these companies and gives them real-time insights to help them improve uptime, streamline operations and identify threats as well as opportunities for growth.

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