Startup profile for Uptake: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Uptake funding, valuation and investors

Chicago industrial AI platform for predictive analytics and asset performance management in energy, rail, and heavy industry.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series D

$117M · November 2017

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$117M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

acquired

Stage not recorded · Chicago, Illinois

Investors in latest funding

Lead: Baillie Gifford

Other: Revolution Growth , GreatPoint Ventures

Sources: latest funding Last verified: 2026-07-29

Overview

Uptake Technologies builds predictive analytics and asset performance management software for industrial operators — monitoring equipment across energy, rail, manufacturing, and defense-adjacent fleets. Founded in Chicago in 2014 by Brad Keywell (and Eric Lefkofsky per some filings), the company partnered early with Caterpillar and Berkshire Hathaway Energy on fleet analytics. Venture rounds included a 2015 raise at ~$1B valuation, Revolution Growth participation in 2017 Series C, and a $117M Series D (Nov 2017) led by Baillie Gifford at $2.3B post-money. Total funding exceeded $250M. PitchBook listed a completed merger/acquisition by Bosch in March 2026.

Why Uptake is interesting

Brad Keywell's third Illinois unicorn — $2.3B post-money at Series D (Nov 2017) on industrial data from wind turbines to locomotives; Revolution Growth and Caterpillar on the cap table before Bosch announced acquisition (Mar 2026).

Key facts

  • Series D (Nov 2017): $117M led by Baillie Gifford; $2.3B post-money valuation — PR Newswire
  • Revolution Growth backed Uptake in 2017 Series C participation
  • Strategic partnerships with Caterpillar and Berkshire Hathaway Energy wind fleets
  • Bosch merger/acquisition completed Mar 2026 per PitchBook

Funding history (newest first)

Series D

2017-11 $117M

Source: https://www.prnewswire.com/news-releases/uptake-secures-117-million-in-series-d-funding-300563866.html

Investors in our directory

Funds linked from Uptake's profile — open a fund page for stage focus and related deal articles.

revolution

Industries

ai-ml enterprise-saas climate-tech

Market / IPO context

Editorial / static context — not a live quote.

Related funding articles

Venture Capital Tracker pieces that cover Uptake's financing or category context.

FAQs about Uptake

Practical answers founders, operators, and investors typically search for.

Chicago, Illinois (West Grand Avenue area). The company also maintained offices in San Francisco, Houston, and other industrial hubs.
Brad Keywell — also co-founded Groupon and other Chicago tech companies. Industrial AI and data partnerships with Caterpillar were central to the early thesis.
PitchBook listed a completed merger/acquisition by Bosch in March 2026. Treat as an exit event — verify current product branding under Bosch for live diligence.
Maps directly to the Midwest 'industrial AI' venture narrative — enterprise data from physical assets, not consumer apps — with DC-linked growth capital (Revolution) on the cap table.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.