• The investment combines machine learning (ML) and expert systems to provide actionable insights into the health and performance of rotating equipment, boosting failure prediction, health forecasting, and maintenance optimization.

  • The partnership brings together advanced artificial intelligence (AI)/ ML-based algorithms and industry expertise, addressing over 1000 failure modes to enhance asset management capabilities.

  • The collaboration will focus on the heavy asset industries, starting with Cement, Metals and Water Pipes industry segments for implementation, in India.

ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and performance of motors, drives, and related assets. The transaction consists of ABB taking a minority stake in UptimeAI. Financial details of the investment were not disclosed.

The collaboration leverages machine learning and expert systems to provide customers with deep insights into asset performance, failure predictability, and reduction of maintenance costs and risks. With over 1,000 failure modes covered by advanced AI/ML algorithms, the partnership is set to deliver outstanding reliability and efficiency. It does so by leveraging next-generation asset performance management services driven by AI/ML predictive maintenance and proven industry expertise.

The initiative will initially focus on heavy asset industries, starting with addressing the needs of Cement, Metals, and Water Pipes sectors in India. By introducing tailored solutions for these critical industries, the partnership seeks to enable companies to achieve operational excellence, reduce unplanned downtime, and enhance overall productivity.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Motion Ventures is the venture capital unit of ABB Motion. ABB through its business-led venture capital investment framework, ABB Ventures, looks for breakthrough technology companies aligned with ABB’s goal to write the future of industrial electrification and automation. Since its formation in 2009, ABB Ventures has deployed around $500 million into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings, and distributed energy. For more information, visit  https://global.abb/group/en/technology/ventures

UptimeAI is a San Francisco-based AI software company offering operational excellence capabilities via its AI Expert OEx platform. The company empowers engineers to solve operational issues faster by explaining the relationships between reliability, performance, and equipment to automatically diagnose the root cause and suggesting mitigations. Many global industrial customers have implemented UptimeAI’s solutions across North America, the Middle East, and India. For more information, visit https://www.uptimeai.com/