Lightbank-backed sensor analytics platform Uptake closes major $45 million financing round

XDATA – October 27th 2015
$45 million was raised by Uptake Technologies according to information filed with the SEC. The company initiated a first close after selling 90% of its planned $50 million unregistered private offering. The non-brokered equity securities started to be sold to five investors on October 13th. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
Uptake Technologies markets and develops a technology platform that harness data from sensors in real-time to provide predictive insights and actionable solutions for major industries. The company combines a proprietary cloud-based platform, the Uptake Core, with unique data science methods and deep industry expertise, enabling global customers to be more productive and effective. Investors include Lightbank and possibly Kleiner Perkins Caufield & Byers.
The company, headquartered in Chicago IL, was registered this year. Revenues were not disclosed.
The executive team includes Brad Keywell.
The board of directors includes Eric Lefkofsky and Raymond Lane.
Offering recap
Status: First close
Company: Uptake Technologies
Industry: Other Technology
Amount offered: $50 million
Amount placed: $45 million
SEC filing: Source
First sale: 10-13-2015
Data as of: 10-27-2015


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