Uptake Technologies Inc., a predictive analytics startup established by Groupon Inc. founders Brad Keywell and Eric Lefkofsky, has raised $40 million late-stage funding round.

The Series C round, raised from Revolution Growth, founded by AOL founder Steve Case, valued the company at $2 billion, according to The Wall Street Journal.

Founded in 2014, Uptake’s predictive analytics Software-as-a-Service platform aims to assist enterprises improve productivity, reliability and safety through the suite of solutions including predictive diagnostics and fleet management such as fuel and energy optimization applications. The company platform uses machine learning combined with knowledge from industrial partners to deliver industry-specific platforms and applications to solve complex and relevant industrial problems.

Uptake claims that their solution results in enormous savings for its users, which cover industry segments including rail, mining, agriculture, construction, energy, aerospace and retail. One client the company cites is Caterpillar, which uses the company’s machine learning and predictive analytics to help it know when machines would fail before they actually broke down.

“Uptake’s proprietary technology can provide enterprise-wide insights, such as predictive diagnostics and fleet optimization that have the potential to save companies significant costs,” Revolution’s Ted Leonsis said in a blog post. “Currently, available data analytics for companies in iconic industries remain largely unintegrated or are outright unheard of, which is why Uptake is helping to transform not just one, but many industries through next generation technologies.”

Coming into the round, it’s not entirely clear how much Uptake has raised to date since its Series B round was not disclosed. It raised $45 million Series A in October 2015. Benziga reports that Uptake’s annual revenue run-rate now exceeds more than $100 million and “future rounds of financing are expected.”

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