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- SewerAI Secures $15 Million Series B to Revolutionize Sewer Inspection
SewerAI Secures $15 Million Series B to Revolutionize Sewer Inspection
Slice of Construction Team
June 25, 2024
Key Highlights:
Completion of a $15 million Series B funding round led by Innovius Capital.
AI and cloud-driven solutions improve sewer inspection accuracy and efficiency.
Funding to expand engineering, AI training, and product offerings.
SewerAI partners with major utilities like the city of Houston and Puris Corporation.
Innovative features include automated quality checks and 3D manhole inspections.
Source (PR Newswire)
Notable Quotes
"Using SewerAI software enables us to perform inspections much quicker, more effectively, and more efficiently while saving ratepayers millions of dollars."
"SewerAI's cloud and AI-driven solutions significantly reduce costs and enhance efficiency and accuracy in inspecting the 6.8 billion feet of sewer pipes across the nation."
"This new funding round will enable us to expand our product portfolio and scale as we continue to provide massive value to our customers and partners."
Our Take:
SewerAI's recent $15 million Series B funding round marks a significant milestone in the field of infrastructure maintenance and AI-driven technology. This investment underscores the growing demand for innovative solutions in the aging U.S. infrastructure sector. With the backing of prominent investors and a proven track record of enhancing productivity and accuracy in sewer inspections, SewerAI is well-positioned to lead the market. Their advanced platform not only saves time and reduces costs but also empowers frontline workers with state-of-the-art tools, setting a new standard for efficiency and reliability in sewer condition assessment. As SewerAI expands its offerings and customer base, it will continue to play a crucial role in modernizing and safeguarding critical urban infrastructure.