U.S. analytic software firm Uptake Technologies Inc said on Thursday it raised $117 million in venture funding, a deal that gave it a valuation of $2.3 billion.

The series D funding was led by investment firm Baillie Gifford and included prior Uptake backers Revolution Growth and GreatPoint Ventures, Uptake said.

The new round increased the valuation of Chicago-based Uptake from $2 billion at its last funding in April, according to the company.

READ FULL ARTICLE HERE