ABB: takes minority stake in UptimeAI
(CercleFinance.com) - ABB Motion has announced a strategic investment - via ABB Motion Ventures - in California-based AI start-up UptimeAI, aiming to transform the health and performance management of motors, drives and other industrial equipment.
The transaction consists of ABB taking a minority stake in UptimeAI.
The collaboration leverages machine learning and expert systems to provide customers with in-depth asset performance analysis, improved failure predictability and reduced maintenance costs and risks.
The financial details of the investment were not disclosed.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The transaction consists of ABB taking a minority stake in UptimeAI.
The collaboration leverages machine learning and expert systems to provide customers with in-depth asset performance analysis, improved failure predictability and reduced maintenance costs and risks.
The financial details of the investment were not disclosed.
Copyright (c) 2025 CercleFinance.com. All rights reserved.