SewerAI Raises $15 Million in Series B

SewerAI Raises $15 Million in Series B

SewerAI, a Walnut Creek, CA-based AI and cloud-driven sewer condition assessment provider, raised $15 million in Series B funding.

The round was led by Innovius Capital, with additional funding from Emerald VC, Epic Ventures, Suffolk Technologies, Bentley Systems, Burnt Island Ventures, and notable individual investors including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.

Innovius Capital is an investment firm that provides consulting and financial services. Based in San Francisco, California, the firm invests in SaaS and Fintech companies.

The company will use the funds to expand its engineering and go-to-market teams, improve AI training, expand its product offering, and scale operations.

Founded by Matthew Rosenthal and Billy Gilmartin, SewerAI provides AI-driven solutions for the inspection and management of sewer infrastructure. They leverage its cloud inspection management platform (Pioneer™) and AI Computer Vision tools (AutoCode™) to help wastewater professionals accelerate productivity, increase accuracy, and reduce the cost of maintaining and renew aging collection systems. SewerAI's platform utilizes artificial intelligence to analyze inspection footage and identify defects and anomalies in sewer pipes. With millions of feet of sewer data under management by municipalities, environmental services contractors, and engineering firms, SewerAI is revolutionizing infrastructure assessment and improving environmental health for people.

Funding Details

Company: SewerAI Corp.

Raised: $15.0M

Round: Series B

Funding Month: June 2024

Lead Investor: Innovius Capital

Additional Investors: Emerald VC, Epic Ventures, Suffolk Technologies, Bentley Systems, Burnt Island Ventures, Zachary Bookman

Company Website: https://www.sewerai.com/

Software Category: Sewer Inspection and Management