Forbes Names Uptake to Cloud 100 and AI 50 Lists for Turning Data into Industrial Insights, Creating Sustainable Advantages for Customers

For the third year in a row, Forbes has named Uptake to the Cloud 100. The list is the definitive global ranking of the top private companies to know in tech’s hottest sector — cloud computing. This year, Uptake ranks No. 45 among the 100 breakout cloud companies that are using their innovations to shape the future of their respective industries. Forbes also ranks Uptake No. 3 on its inaugural AI 50 list of the most promising artificial intelligence companies in the U.S.

Cloud computing is unlocking new possibilities for business and society. It can be seen in the ways we connect and communicate with each other, discover information and learn from it, work with increased levels of efficiency and productivity, collaborate across teams and geographies, collect and analyze data, gain new knowledge and share it, and protect ourselves from threats.

Each year, the pace of innovation only accelerates, and 2019 is no exception.

What do all of the individual companies listed on the Forbes Cloud 100 share in common? They are the best and brightest in the world, leading their fields in terms of growth, sales, valuation, culture and affirmation. Forbes reports that the 2019 Cloud 100 represents the strongest and most diverse group of companies yet. Combined, they account for more than a trillion dollars in market cap.

This year, Uptake ranks No. 45 on the Forbes Cloud 100 alongside breakout cloud companies like Asana, Canva, Dashlane, Mailchimp, Squarespace, Stripe and others.

Forbes also ranks Uptake No. 3 on the inaugural AI 50 list of America’s most promising artificial intelligence companies. Uptake appears alongside the likes of Aurora Innovation, Dataminr, Icertis, Lemonade, Nuro, Textio and others.

According to Forbes:

“Uptake founder Brad Keywell says his company is in the business of making sure things work, ‘whether it’s the U.S. Army’s Bradley Fighting Vehicle, or the components that make up Rolls-Royce’s fleet of market-leading engines.’ It’s brought in more than 100 industrial customers on its way to a $2.3 billion valuation. With a huge database of machine failures at its disposal, the five-year-old company leverages AI to analyze how its customers’ machines can run better and avoid these failures. ‘There is no more guesswork or operating blindly involved,’ says Keywell, who cofounded Groupon before founding Uptake.”

We have an immense amount of gratitude for these acknowledgments. But what we’re even more passionate about is what they ultimately mean for our customers. Uptake’s success is driven by our customers’ success, and by their eagerness to digitally advance their businesses. These two recognitions from Forbes further validate our mission.

By building the world’s trusted source of industrial intelligence, together we can create a world that works for everyone

At Uptake, we exist to empower people to solve hard problems, to understand their past and act on their future. Our industrial applications and platform turn mountains of data into meaningful intelligence, making hard work easier for our customers — the industrial businesses that do the world’s heavy lifting and move society forward.

In the words of our founder and executive chairman, Brad Keywell:

“Uptake’s products are delivering actionable insights to make assets more productive and operators more intelligent, answering the call from global industry who wants to put data to work. We have distinguished ourselves with the broadest array of asset coverage, superior precision of insight and easy-to-use applications built for those on the front lines of industry. The entire Uptake team is honored to be included in the Forbes Cloud 100 and AI 50.”

Echoing Brad’s sentiment: We believe data is the key to a better tomorrow and that, alongside our customers, we will build what comes next. That’s where our technology comes in.

Uptake’s technology has seen millions of machine failures so our customers don’t have to. By equipping people with industrial insights they can act on, we put them in a better position to help create a world that works for everyone.

Why does it all matter? Because on the front lines of heavy industry, the stakes are high and risk isn’t taken lightly. Industrial businesses need to know they can count on the integrity of their people, machines and data. They depend on them to perform their best, to get the most done.

It’s why we at Uptake value taking care of the little things before they turn into big things. By using our industrial AI to harness and unlock the power of data, we enable our customers to:

  • Quickly turn data into actionable insights.
  • Gain a new understanding of their industrial assets and operations.
  • Predict and prevent problems — such as machine failures and unplanned downtime — before they happen.
  • Lower their maintenance costs by making the right repair at the right time.
  • Increase the availability and reliability of their critical assets.
  • Grow even smarter over time based on a continuously evolving knowledge base of industrial insights.

How did Forbes select the Cloud 100 and AI 50?

This year, the Forbes Cloud 100 judging panel was comprised of 45 accomplished C-level executives from public tech companies like Atlassian, Box, DocuSign, Domo, HubSpot, LinkedIn, Salesforce, ServiceNow, Slack, Tableau, Zoom and many more.

The judging panel reviewed submissions from hundreds of different companies to select, score and rank the list of the 100 finalists. Judges based their evaluations on four key factors: Valuation, operating metrics, people and culture, and market leadership.

You can view the complete 2019 Forbes Cloud 100 list here.

For the first-ever AI 50, Forbes received several hundred nominations. Forbes worked with its data partner, Meritech Capital, to crunch the numbers and gauge the market traction and financial promise of each applicant. It ranked the companies based on revenue gains, profitability, employee growth, customer statistics, historical funding and valuation.

Forbes then sent the top 100 contenders to a judging panel that assessed the companies’ businesses, technical teams and AI use cases. The panel consisted of thought leaders from Facebook, IBM, Microsoft, MIT’s Computer Science & AI Lab, Nvidia, Pinterest and Stanford. Scores were tabulated to produce the final selection, which was ordered by ascending valuation.

Check out the full 2019 Forbes AI 50 list here.