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Uptake

Chicago, Illinois, United States Industrial Technology Acquired

Uptake Technologies is an industrial intelligence software company that provides AI-driven asset performance management and predictive maintenance solutions. The company uses IoT sensors and data science models to collect data from industrial machinery and predict equipment failures before they occur, helping customers in mining, manufacturing, defense, energy, and fleet management sectors reduce downtime and optimize operational efficiency.

Acquired

Uptake has been acquired

Acquired by Bosch Mar 20, 2026

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2014

Employees

260–290

Total Funding

$247M

5 rounds

Latest Valuation

$2.3B

Nov 30, 2017

Secondary Signals

1 signal
M&A Recent Not disclosed 2026-03-19

Announced acquisition by Bosch for an undisclosed sum, closing Mar 20, 2026.

Full exit at undisclosed terms; no further secondary liquidity expected post-close.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $247M across 5 rounds

Last updated 08-13-2026

DateRoundAmount RaisedValuationLead Investors
Mar 20, 2026 Acquisition Not disclosed Bosch
Nov 30, 2017 Series D TechCrunch $117M $2.3B Baillie Gifford
Feb 2, 2017 Series C $40M $2B Revolution Growth

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$1B $2B 2016 2017 Uptake

Entry · Series A

$1.1B

Mar 2015

Uptake today

$2.3B

Nov 2017 · latest mark

Uptake multiple

2.1x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Prominent Investors

Revolution Growth Great Point Ventures Baillie Gifford

Leadership

  • Brad Keywell

    Founder & Executive Chairman

    LinkedIn
  • Adam McElhinney

    Chief Executive Officer

    LinkedIn
  • Scott Bolick

    Chief Operations Officer

  • Glo Gordon

    Chief Revenue Officer

  • Kelly McGinnis

    Chief Financial Officer

  • Jacob Whitver

    VP, Head of Technology

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Augury

    Predictive maintenance platform for industrial assets and equipment

  • AspenTech

    Asset performance management software and enterprise asset performance monitoring

  • Falkonry

    Time series AI for smart manufacturing, predictive maintenance, and operational efficiency

  • MaintainX

    Predictive maintenance software for industrial operations

  • Fleetio

    Fleet maintenance and management software

  • Uptime AI

    Predictive maintenance platform for industrial equipment

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