Aren, a NYC-based civil infrastructure management Software-as-a-Service (SaaS) platform, raised $2m in seed funding.
The round was led by Shadow Ventures, with participation from Rho Capital Partners, MetaProp, Technion Angels, Green Egg Ventures, HBS Alumni Angels, Turf Advisory, COINS, and Maccabee Ventures.
The company intends to use the funds to grow its engineering and product teams.
Founded by Dr. Ali Khaloo and Edgar Martinez Ceja, COO & Co-Founder, Aren is building a SaaS civil infrastructure management platform for engineering firms and asset owners to minimize the risk of failure and optimize infrastructure spending. Its B2B SaaS platform combines artificial intelligence and civil engineering using the company’s patented technology. The platform automatically aggregates raw data from different sources such as images, video, laser scanners, and other sensors, and provides a 3D high-resolution visualization of the asset and its health through time, as well as predictive maintenance plans, capital allocation plans, and service life estimates. The technology offers an automated, and objective approach to de-risk the inspection, assessment, and management of civil infrastructures, such as bridges, building facades, and dams.
FinSMEs
04/11/2021