Industrial analytics startup Infinite Uptime raises $35 million from Avataar Ventures, others

Industrial analytics startup Infinite Uptime, which helps manufacturers reduce maintenance downtime at their facilities, has raised $35 million in a fresh round of funding led by Avataar Ventures. The round also saw participation from New York-based funds StepStone Group and LGVP, in addition to existing backers Tiger Global and GSR Ventures.

In an interaction with ET, the Pune-based startup’s founder and CEO Raunak Bhinge said that the funds will be deployed for its planned expansion in the US market — where the tariffs imposed by President Donald…