Unicorns 80/229 – Uptake

Unicorns 80/229 – Uptake


Uptake

Founder / s : Brad Keywell, Eric Lefkofsky
Key people : Greg Goff (CPO) and Brad Keywell (Co-Founder & Chief Executive Officer)
Number of employees : 501 – 1k

Uptake is leading a predictive analytics SaaS platform that helps major industries – from energy, to construction, rail, mining, aviation and more – improve productivity, reliability, safety and security. Uptake is leading a new category of enterprise software by delivery industry-specific Predictive Insights to industrial titans like Caterpillar and Berkshire Hathaway Energy. Ranked # 5 on the 2017 CNBC Disruptor 50 list, Uptake is the fastest US startup to reach a $ 2 billion valuation.

Uptake was incorporated in 2014 and located in Chicago.

In March 2015, Caterpillar announced its carrier 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 cent 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.