Uptake have collected a database of machine failures to leverage AI in analyzing the problems of vehicle failures. This failure detection can help customers or companies avoid problems in their vehicle, be it army vehicles or luxury cars.
What Is Uptake?
Uptake is a private artificial intelligence software company specializing in industrial sector innovations. It was founded in 2014 in Chicago, Illinois by Brad Keywell.
Uptake was built based on the foundation of machine learning and data science. The core projects of Uptake include a fully managed platform and an Asset Performance Management application.
Uptake’s products in industry-specific content includes Asset strategy Library or ASL that offers guidance on preventing failures in equipment and power usage. ASL has the largest market as of 2023 with 800 equipment types, over 58,000 failure modes and over 180,000 reportable conditions.
Approximately 300 employees work under it. The company offers predictive analytics that makes developing and deploying predictive models easier for Data Scientists, Data Engineers and Data Analysts.
Uptake Business
Uptake developed its business around data science and machine learning in 2014 in Chicago and at present it had offices in Houston, San Francisco, Riyadh, Mississauga and Albuquerque.
In 2015 Uptake saw its first investment from Caterpillar that aimed for a joint development systems to improve and monitor the use of Caterpillar’s 3 million pieces of equipment in the data science field. In mid 2016 the core business offerings of Caterpillar will be completed.
On September of 2016, Uptake strategically partnered with Progress Rail to launch EMD Uptime that offered conditioned monitoring. In 2017, Berkshire Hathaway Energy, a company that Warren Buffett owns, announced its partnership with Uptake.
Berkshire Hathaway Energy (BHE) which has a portfolio of 84 billion dollars companies that primarily invests in renewable space. At present, two BHE subsidiaries, MidAmerican Energy Company and BHE Renewables uses Uptake’s software to track and connect their fleet to wind turbines.
Back in 2018, Uptake announced that the U.S. Army would start using its software to improve some of its Bradley Fighting Vehicles readiness. Back in 2018, Uptake hired Ganesh Bell, as the President of the company who was General Electrics’ former chief digital officer. In 2019, Ganesh Bell step down as Uptake’s President, announced by Uptake.
Around 2020, Uptake announced Kanye Grau to take Ganesh Bell’s place as its President. In 2021, Grau announced as the CEO of the company with the founder of Uptake, Brad Keywell as the Executive Chairman of the Board.
Uptake Financing
The Company announced that it was able to raise 45 million dollars in investment from GreatPoint Ventures. It’s previous investors in the company, Caterpillar and New Enterprise Associates, in 2015.
Uptake’s valuation at that time after the fresh investment at 1 billion dollars made it the third unicorn in Illinois.
Beginning of 2017, Revolution Growth, a company founded by Steve Case, Ted Leonsis, and Donn Davis, announced they would be investing in it in Series C funding of 40 million dollars. The company’s valuation at 2.3 billion dollars after Series D investment of 117 million dollars.
Reviews On Uptake
Here are some reviews on Uptake by customers and employees working in the Company.
Verified User in Architecture & Planning says, “Quick calculations.”
| What do you like best about Uptake?The calculations for the model we’re done so fast i was amazed. What do you dislike about Uptake?I hadn’t had any dislikes yet about this software yet. What problems is Uptake solving and how is that benefiting you?Model rendering and predictions |
Here are the employees reviews on Uptake.
| href=”#_What do you like best about the leadership team?” What do you like best about the leadership team?“Polite, so kind to provide free snacks”“Cooperate with people as opposed to dictating at people. Many joined Uptake to get away from the red tape and the barriers, not enforce them” – Review from Engineering Dept“Leading. Place is a bit of a circus.”What does the leadership team need to get better at?Discipline, maturity, communication and honesty” – Review from Engineering Dept“Communication, clarity, proactively fixing problems” – Review from Engineering Dept |
Employees in the company gave some reviews on Compensation, teamwork and the environment in the Company.
| What is the best part about your compensation package?“Food and beer and wine” – Review from Engineering Dept“Fitness classes”“The standing desk and never-ending supply of peanut M&Ms” – Review from Engineering DeptWhat are some of the best things about your team?“team members are kind to each other”“Very smart and quick on their feet. The autonomy works best here.”“Actually listen to one another and respect everyone’s ideas and opinions. Accept that not everyone knows everything, and help where you can” – Review from Engineering Dept“Everyone seems to care about each other and the products they are building.”What is most positive about the culture and environment at your company?“Very fast, frustrating and not thinking through decisions” – Review from Engineering Dept“Good Chaos?!”- Review from Engineering DeptWhat makes you most happy at work?“The peeps are pretty amaze!” – Review from Engineering Dept“I don’t feel valued or empowered to improve the company. If anything, I am strongly discouraged from trying to improve anything here” – Review from Engineering Dept“Working with smart energetic people who care.”“The benefit of it being chaotic & having no leadership is that every day is an adventure.” |
Reviews by Uptake Employees.
| What is the best part of working at the company? Free snacks, alcohol and lots of swag. What is the most stressful part about working at the company? Lack of training / guidance. Though I suspect it was specific to the department manager. What is the work environment and culture like at the company? Young, single, tattoos, unprofessional language, poor departmental leadership. What is a typical day like for you at the company? Monitor, report, collaborate, coordinate, document, resolve. |
Conclusion
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Sofia
Debamalya Mukherjee
