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.
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. The partnership will leverage next-generation asset performance management services, driven by AI/ML predictive maintenance and proven industry expertise, claims ABB.
The initiative will initially focus on heavy asset industries, starting with addressing the needs of cement, metals and water pipe 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.
Soenke Kock, ABB Motion Services R&D manager and head of development IoT and analytics, said: “By joining forces with UptimeAI, we are applying advanced technology and expert knowledge to strengthen asset health and performance management. With reliable data insights, decision-makers are equipped to identify gaps, optimise energy efficiency, and exercise tighter control over operations, ultimately increasing asset availability and improving profit potential.”
“We are thrilled to partner with ABB Motion to deliver solutions that combine our expertise with their deep industry insights”, added Jagadish Gattu, founder and CEO, UptimeAI. “By joining forces, we will optimise operations and address the unique challenges faced by industrial customers such as root cause analysis, continuous improvement, and knowledge management.”
