SewerAI, a Walnut Creek, CA-based global leader in AI and cloud-driven sewer condition assessment, closed a $15m Series B funding round.
The round was led by Innovius Capital, with participation from Emerald VC, Epic Ventures, Suffolk Ventures, Bentley Systems, Burnt Island Ventures and individual investors including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.
The company intends to use the funds to expand its engineering and go-to-market teams, improve AI training, expand its product offering and scale operations. This will enable further product enhancements to increase productivity, accuracy and collaboration, and expand integrations with other solutions.
Led by Matthew Rosenthal, founder and CEO, SewerAI is a global leader in sewer condition assessment and inspection data management. The company leverages its cloud inspection management platform (Pioneer™) and AI Computer Vision tools (AutoCode™) to help wastewater professionals to accelerate productivity, increase accuracy, and reduce the cost to maintain and renew aging collection systems.
FinSMEs
18/06/2024