India, March 4 -- Artificial intelligence (AI) startup UptimeAI has raised an undisclosed amount of investment from the venture arm of Switzerland-based ABB Motion.

In a statement, ABB said that the investment would help UptimeAI's AI-driven digital solutions provide clients insights on improving their asset performance.

ABB Motion, which is a part of the ABB Group, is a leading company in the motors and drives segment. As part of the deal, ABB Motion will acquire a minority stake in UptimeAI.

With the partnership, the companies plan to initially provide solutions to players in heavy asset industries, starting with addressing the needs of cement, metals and water pipes sectors in India.

"By introducing tailored solutions for these cri...