Total amount raised
$144 Millions
Latest funding date
10/01/2024
Location
Urbint has successfully raised funds through multiple rounds, with the most recent being a Series C round closed on October 24, 2024. The company is backed by 12 investors, including S2G Investments and National Grid Partners.
Keep reading to explore the intricacies of Urbint's fundraising journey and the investors backing this innovative platform.
What Is Urbint?
Urbint, founded in 2015, is an AI platform that predicts and prevents threats to workers, critical infrastructure, and communities. The company is based in Miami Beach, Florida.
Corey Capasso, Josh Troy, and Ryan Schmukler are the founders of Urbint. The company leverages real-world data and artificial intelligence to provide actionable insights for risk mitigation.
With a team of 101-250 employees, Urbint focuses on ensuring safety in high-risk industries such as energy, telecom, and infrastructure.
How Much Funding Has Urbint Raised?
- Series A
- Amount Raised: $15M
- Date: June 2018
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's AI capabilities and enhance its risk mitigation platform.
- Series B
- Amount Raised: $34M
- Date: June 2020
- Lead Investors: Energy Impact Partners, Piva Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and meet the growing demand for its services in high-risk industries.
- Venture Round
- Date: November 2019
- Lead Investors: National Grid Partners (NGP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of new features and expand market reach.
- Venture Round
- Date: March 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-driven solutions for infrastructure safety.
- Series C
- Amount Raised: $60M
- Date: August 2021
- Lead Investors: Energize Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale technology and introduce new solutions to meet the growing demand for incident prevention software.
- Series C
- Amount Raised: $35M
- Date: October 2024
- Lead Investors: S2G Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance storm response technology for utilities.
Total Amount Raised: $144M. Current Valuation: Not publicly disclosed.
Key Investors
- S2G Investments
- Details: S2G Ventures (Seed 2 Growth) is a multi-stage venture fund investing in food and agriculture. They aim to support companies that are transforming the food system.
- Investment Focus Areas: Food and agriculture, sustainability.
- Notable Investments: Beyond Meat, Apeel Sciences.
- Energize Capital
- Details: Energize Ventures is a venture capital firm focused on digital solutions for energy and heavy industries. They invest in companies that are driving the digital transformation of these sectors.
- Investment Focus Areas: Energy, digital solutions, heavy industries.
- Notable Investments: Aurora Solar, DroneDeploy.
- Energy Impact Partners
- Details: Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. They collaborate with a diverse set of energy companies to invest in innovative technologies.
- Investment Focus Areas: Energy, sustainability, technology.
- Notable Investments: Arcadia, AutoGrid.
- Piva Capital
- Details: Piva Capital is a venture capital firm investing in advanced technology and industrial sectors. They focus on companies that are driving innovation in these areas.
- Investment Focus Areas: Advanced technology, industrial sectors.
- Notable Investments: Carbon Clean, Fictiv.
- National Grid Partners (NGP)
- Details: National Grid Partners is the venture investment and innovation arm of National Grid. They invest in companies that are transforming the energy and utility sectors.
- Investment Focus Areas: Energy, grid modernization, technology.
- Notable Investments: ClimaCell, SparkCognition.
What's Next for Urbint?
Urbint stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-driven incident prevention solutions. With the recent $60 million Series C funding, the company is poised to scale its technology and introduce new solutions, particularly in response to the historic $1 trillion infrastructure bill in the U.S. This legislative move opens up vast opportunities for Urbint to expand its customer base among major energy and infrastructure companies.
Future fundraising appears promising, given the strong backing from high-profile investors like Energize Ventures and Salesforce Ventures. These investors not only provide financial support but also offer strategic guidance and industry connections, which could be pivotal for Urbint's next growth phase. However, the company may face challenges such as competition from other AI and safety technology providers and the need to ensure the scalability and reliability of its technology.
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