IoT startup Infinite Uptime bags Series B led by Ventureast
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Pune-based industrial Internet of Things (IoT) startup Infinite Uptime has raised $5.15 Mn (around INR 38 Cr) in Series B funding round led by venture capital firm Ventureast, along with Japan-based company THK that develops and manufactures mechanical components. Existing investors Mayfield Fund, GSR Ventures, Global IoT Technology Venture (GiTV) and IL&FS Private Equity also participated in this round.