Website uptake.com Number of employees 650 Type of business Privately held company | CEO Brad Keywell (2014–) Founded 2014 | |
Headquarters Chicago, Illinois, United States Founders Brad Keywell, Eric Lefkofsky Profiles | ||
Uptake is a predictive analytics SaaS platform that delivers solutions in major industries, resulting in increased productivity, reliability and safety. Leveraging partnerships with industry icons, Uptake's platform aggregates enterprise and external data and applies cross-industry data science to produce high-value, actionable insights. Uptake's platform is powered by a continuous feedback loop, recommending impactful actions that are then optimized by human intelligence. Uptake was co-founded by Brad Keywell and Eric Lefkofsky in Chicago, Illinois in 2014.
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Business
Uptake was incorporated in 2014 and is located in Chicago.
In March 2015, Caterpillar announced its minority investment in Uptake, with the aim of the joint development of systems to monitor and improve use of the nearly 3 million pieces of Caterpillar equipment in the field. Offerings for the remainder of Caterpillar's core business are expected to be complete in mid-to-late 2016. On September 21, 2016, Progress Rail formed a strategic partnership, launching EMD Uptime, with Uptake for condition monitoring. On March 2, 2017, Warren Buffett's Berkshire Hathaway Energy, an $84 billion portfolio of companies primarily in the renewables space, announced a deal with Uptake. Two of BHE's subsidiaries will use Uptake's software to connect and track their fleet of wind turbines.
On March 1, 2017, in collaboration with Boston Consulting Group, Uptake launched a World Economic Forum case study on the future of construction.
Financing
On October 27, 2015, Uptake announced that it had raised $45 Million in venture capital led by GreatPoint Ventures and existing investors which included New Enterprise Associates and Caterpillar. Uptake estimated to be valued at $1 billion, making it the third unicorn in the state of Illinois. On February 1, 2017 investor Revolution Growth, a firm started by Steve Case, Donn Davis and Ted Leonsis, announced that they would be backing Uptake with $40 million as part of the Series C round. Uptake has been valued at $2 billion.
Awards
Uptake is the recipient of the 2015 Moxie Award for Best New Startup in Chicago. Uptake's co-founder Brad Keywell is the recipient of the 2015 Moxie Award for Best Founder or Co-founder.
Uptake was named Forbes Hottest New Startup in 2015.
On February 9, 2017 Pitchbook named Uptake the Fastest US Startup to reach a $2B Valuation.