India, March 11 -- Deeptech startup Infinite Uptime has raised $35 Mn (around INR 305.5 Cr) in its Series C funding round led by Avataar Ventures.

The round also saw participation from investors such as StepStone Group and LGVP, along with existing investors, including Tiger Global and GSR Ventures, TechCrunch reported.

The startup will use the capital to expand its footprint in the US and other markets.

Founded in 2015 by Raunak Bhinge and YC Chen, Infinite Uptime offers tech-enabled real-time fault diagnostics and monitoring for key mechanical equipment. It predicts the discrepancies in machines using frequency analysis of vibrations, monitored via sensors integrated into the machines.

The startup claims to serve more than 300 custo...