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Baillie Gifford led a $117m series D funding round in Uptake.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Software

analytics software

Acquisition

Domestic

Completed

Minority

Private

Private Equity

United States

Synopsis

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Baillie Gifford, an independent investment manager, led a $117m series D funding round in Uptake, an industrial artificial intelligence software company. "We're on a growth trajectory now where there is virtually nothing standing in our way from being the predictive analytics market leader across every heavy industry, from oil & gas to mining and beyond. The opportunity is too significant for us to not double down right now," Brad Keywell, Uptake Co-founder and CEO.

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