BrightAI has now emerged from stealth mode and raised a $15 million seed round funded by Upfront Ventures. The funds will be used to expand the company's tech capabilities, with the aim of using the data collected by its sensors to help field workers be more informed on how to fix problems. BrightAI's technology can help companies be more precise and efficient, reducing waste and improving services.
Key takeaways:
- Alex Hawkinson, former CEO of SmartThings, co-founded IoT company BrightAI in 2019, focusing on using connected devices to fix critical infrastructure issues.
- BrightAI offers an end-to-end tech platform that uses sensors to help companies monitor physical assets, with AI processing the data to predict potential issues.
- The company launched its platform in stealth in 2023, and has since deployed over 250,000 sensors, reached $80 million in revenue, and raised a $15 million seed round funded by Upfront Ventures.
- BrightAI's technology can help companies be more precise and efficient, reducing waste and improving services.