NEW PORTFOLIO COMPANY! SewerAI will receive US$2 million in seed funding for its sewer inspection technology from venture capital firms Builders VC and EPIC Ventures.

SewerAI was established by sewer infrastructure inspection technology veterans to address the massive problem of ageing pipe infrastructure – with more than 1.8 billion m of sewer pipe in just the US alone, approximately 900 million m are in need of repair or replacement.

US municipalities spend approximately US$50 billion each year maintaining this infrastructure, mainly using manual inspections, data delivered via physical disks and desktop-based software.

Source url: Trenchless International