Niricson Funding Round

8/2/2023

Venture Equity

$7,480,000

Series A

The company intends to use the funds to; Expand its global presence by using robotics, computer vision and acoustic technology, combined with AI to make predictive maintenance of large-scale civil assets (Dams, Spillways, Nuclear Power Plans, Bridges, Airport Runways, Tunnels, etc.) around the world safer, faster, and more efficient; Accelerate R&D efforts focused on developing an AI-driven predictive analytics Software as a Service (SaaS) platform dedicated to managing critical infrastructure assets, ensuring asset safety and optimal performance.

Private & Independent

Infrastructure

3800 Finnerty Road
Victoria, British Columbia , V8P 5C2
CA

Niricson is one of the fastest growing start-ups in the digital infrastructure condition assessment space, retaining the world's largest infrastructure owners and engineering consulting firms as customers. Niricson's AUTOSPEX platform, and DRONIC (Patent Pending Data Collection Technology and Architecture) provide asset managers and civil engineers with critical insights and visualization into the current condition of their asset. With machine learning algorithms and data fusion techniques, AUTOSPEX, a cloud-based platform, enables asset managers and civil engineers to quickly gather insights and proactively plan the repair of their assets. The platform helps them manage their budgets and help ensure the safety of the high consequence structures during their service life and beyond.