SewerAI acquires funding from Bentley iTwin Ventures

SewerAI, a provider of AI computer vision and cloud computing sewer condition assessment software, recently announced that Bentley Systems, Inc., participated in SewerAI's $1.5 million venture round through the Bentley iTwin Ventures Fund. Bentley joined Burnt Island Ventures, Builders VC and EPIC Ventures among others in this round.

SewerAI uses artificial intelligence and computer vision to inspect, identify and analyze sewer infrastructure defects. According to the company, SewerAI's cloud-based software AutoCode "significantly enhances and accelerates sewer infrastructure inspections." SewerAI was established by sewer infrastructure inspection technology veterans Matthew Rosenthal, SewerAI's CEO, and Billy Gillmartin, SewerAI's CRO. The company says its goal is to address the massive problem of aging pipe infrastructure, adding that U.S. municipalities alone spend about $50 billion each year maintaining underground infrastructure, mainly using manual inspections, data delivered via physical disks, and desktop-based software.