SewerAI recently raised $15 million in a funding round, bringing its total raised to $25 million. The funds will be used for go-to-market expansion, AI model training, hiring, and expanding SewerAI’s product portfolio beyond inspection tools. The company claims to set itself apart from competitors with the quality of its model training data, boasting footage of inspections of 135 million feet of pipes from municipalities and independent contractors.
Key takeaways:
- Climate change and outdated infrastructure are increasing the risk, rate, and cost of sewage failures, with an estimated $700 billion needed for maintenance over the next 20 years.
- Matthew Rosenthal and Billy Gilmartin co-founded SewerAI, a company that uses AI to automate data capture and defect tagging in sewer inspections.
- SewerAI offers cloud-based, AI-powered subscription products that streamline field inspections and data management of sewer infrastructure, increasing efficiency and reducing costs.
- The company recently raised $15 million in a funding round, bringing its total raised to $25 million, which will be used for market expansion, AI model training, hiring, and product development.