Uptake, the provider of a predictive analysis SaaS platform for industries like agriculture, rail, energy and retail, has secured a $40 million investment that reportedly values the Chicago-based startup at $2 billion. The funding comes from Revolution Growth, which will place co-founder Ted Leonsis on Uptake’s board of directors. In total, the company has raised roughly $90 million—a relatively small amount of VC considering its value; that includes a $45 million round in October 2015 at a $1.1 billion post val.
While the $2 billion valuation is notable in and of itself, it becomes a bit more remarkable when you consider the company is about three years old. Uptake was founded in 2014 by its current CEO Brad Keywell and Eric Lefkofsky, both of whom previously co-founded Groupon (NASDAQ: GRPN) and VC firm Lightbank (an Uptake investor), where they are managing partners.