Tiger Global backs Indian industrial IoT startup Infinite Uptime in $18.8M funding round

Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global at a valuation of $60 million post-money.
The Series B3 round also saw participation from other existing investors including Mayfield, GSR Ventures, VenturEast and THK. The investment will help the startup strengthen global market share and expand value delivery, it said.
Mechanical problems, such as wear and tear, deterioration and heightened vibrations, frequently contribute to equipment

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