Industrial Internet of things (IoT) company Infinite Uptime has raised $5.15 million in Series B funding led by VenturEast, along with participation from Japan’s THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV. The California and Pune-based company said it will utilise the capital to further grow its presence in the US, Asia and Europe, offering its predictive maintenance and monitoring solutions to manufacturing companies.

(Economic Times)