Tech Company Financing Transactions
SewerAI Funding Round
Innovius, Bentley Systems and Burnt Island Ventures participated in a $15 million Series B funding round for SewerAI. The financing round was announced on 6/18/2024.
Transaction Overview
Company Name
Announced On
6/18/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors
Innovius (Lead Investor)
private investors (Zachary Bookman)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
227 Bliss Ct.
Walnut Creek, CA 94598
USA
Walnut Creek, CA 94598
USA
Phone
Website
Email Address
Overview
Our mission is to accelerate the production and elevate the quality of condition assessment of wastewater and stormwater assets, while reducing total inspection costs. We develop and implement Artificial Intelligence-based (AI) tools to automatically label defects in sewer pipe inspection videos using existing industry standards for condition assessment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Rosenthal
VP - Bus. Development
Eric Sullivan
VP - Engineering
Marty Berryman
VP - Sales
William Gilmartin
Browse more venture capital transactions:
Prev: 6/18/2024: Entro Security venture capital transaction
Next: 6/18/2024: Hark venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs