Volta Insite, a Charlotte, NC-based electrical data collection company, raised $7M in Seed funding.
The backers were not disclosed.
The company intends to use the funds to accelerate the development of InsiteAI™.
Led by CEO and Founder Denis Kouroussis, Volta Insite provides quality monitoring and predictive maintenance solutions for electrical data collection. Its newest cloud-based product, InsiteAI™, empowers users by continuously monitoring electrical assets, collecting electrical data and offering predictive analytics. Capable of covering multiple components and cross-checking events that occur simultaneously on different pieces of equipment, InsiteAI™ can isolate and identify issues quickly and accurately to determine if problems exist beyond interconnected assets.
Commenting on the news, Denis Kouroussis said: “InsiteAI™ is setting a new standard in the industry, offering predictive maintenance and real-time insights that go beyond current building automation solutions that fall short of being able to diagnose electrical issues that can cause downtime and higher operating costs.”
FinSMEs
08/02/2024