Suffolk Tech' investment in SewerAI underscores how AI will transform and shape the future of infrastructure and cities.
[Walnut Creek, CA July 31, 2023] – SewerAI, a startup at the forefront of automated infrastructure inspection, is thrilled to announce additional funding from Suffolk Technologies. Suffolk Technologies is a venture capital platform funding the next generation of companies solving built environment challenges. This investment demonstrates the potential of AI and automation to address and transform critical built world needs.
SewerAI has emerged as a leader in leveraging artificial intelligence (AI) and computer vision to revolutionize underground infrastructure management. By harnessing the power of AI, SewerAI converts complex data into actionable insights, providing cities and municipal agencies with the tools to proactively manage their sewer systems. This innovative approach decreases environmental risks, reduces infrastructure costs, and significantly enhances the sustainability of urban water systems.
A Boston-based venture capital platform, Suffolk Technologies invests in foundational construction, real estate, and property technology companies. With a newly announced $110M Fund I, Suffolk Technologies is on a mission to transform the AEC and real estate industries with solutions that improve workflows and data access, drive sustainable solutions, and leverage AI and automation to tackle productivity challenges.
Suffolk Tech' investment in SewerAI underscores how AI will transform and shape the future of infrastructure and cities. SewerAI's groundbreaking solutions offer unrivaled accuracy in identifying sewer defects through their innovative blend of AI computer vision, cloud computing, photogrammetry, and edge-based software for data capture.
“We are delighted to secure the support of Suffolk Technologies,” declared SewerAI’s CEO, Matthew Rosenthal. “Their investment will empower us to ramp up our development initiatives, expand our operations, and continue our mission to overhaul the landscape of urban water management. With Suffolk Technologies’ extensive expertise and network within the built world, we are confident that we can realize our shared vision of a more sustainable and efficient urban future.”
SewerAI’s transformative technologies improve every step of the inspection and assessment process, enabling sewer utilities, engineers, and contractors to cost-effectively and proactively address issues, preventing costly infrastructure failures and potential environmental hazards. By implementing SewerAI's solutions, urban areas can more effectively assess and manage their critical infrastructure to create a more sustainable and resilient future for our cities.
About SewerAI:
SewerAI is a global leader in sewer condition assessment and inspection data management. Based in Walnut Creek, CA, SewerAI 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. With millions of feet of sewer data under management for municipalities, environmental services contractors and engineering firms, SewerAI is revolutionizing infrastructure assessment and improving environmental health for people everywhere.
About Suffolk Technologies
Suffolk Technologies is a venture capital platform funding the next generation of companies solving built environment challenges. Suffolk Technologies was recently recognized by AGC Partners as the #1 most active construction technology venture capital investor from 2018 to 2022. Led by Managing Partners Wan Li Zhu, Jit Kee Chin, and Puneet Mahajan, Suffolk Technologies invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Leveraging Suffolk’s expertise and broad network of industry leaders, Suffolk Technologies partners with visionary founders to accelerate industry-wide adoption of breakthrough innovations ranging from pre-product to growth stages. For more information about Suffolk Technologies’ strategy and investments, visit SuffolkTech.com.
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