New Delhi, Dec. 3 -- Infinite Uptime is an Industrial IoT Company. The startup has raised US$ 5.15 million in Series B funding led by VenturEast. The round also saw participation from THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV. The company will use the funds to deepen its presence in Asia. It further aims to scale up its operations in the Middle East, US and Europe.

"We lay a heavy emphasis on value delivery at Infinite Uptime. With this additional capital infusion, we will further strengthen our customer relationships and ensure the availability of the most cost-effective diagnostics service for machines that reduce equipment downtime drastically, reduce bearing consumption and optimize spares inventories. We will...