Home industry startups Sewer AI Raises $2 million in Seed Funding
Startups
CIO Bulletin
2020-08-05
We all know that the wastewater infrastructure of the country is in poor condition. In fact, it has been rated D+ (poor/at risk) by the American Society for Civil Engineers’ most recent “Infrastructure Report Card”. Problems with wastewater and stormwater collection infrastructure can incur massive costs financially and environmentally. Hence, there is a need for a solution. This is where Sewer AI shows up. Sewer AI is an AI startup that is innovating to analyze and identify sewer infrastructure defects.
The startup today announced that it has raised $2 million in seed funding. The seed funding round was led by venture capital firms Builders VC and EPIC Ventures.
Sewer AI has over 60 years of combined employee experience in sewer condition assessment. The company was co-founded by Matt Rosenthal and Bill Gilmartin. Sewer AI is giving sewer agencies, service contractors, and engineers a way to reduce costs to inspect, maintain, and renew wastewater infrastructure. Its platform automatically detects pipeline defects and enables sewer inspections that can be completed faster than ever before.
Matt Rosenthal, CEO and co-founder of Sewer AI said: “The cost savings to utility companies and their customers that can be achieved with our technology, coupled with the environmental and public health benefits resulting from a modernized sewer infrastructure, are tremendously beneficial to our society.”
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