SewerAI Raises $15 Million to Modernize North American Sewer Infrastructure with AI

SewerAI has announced the successful completion of a $15 million Series B funding round, marking a significant milestone for the company as it works to transform how North American utilities inspect and maintain their aging sewer infrastructure. The news was covered by Underground Infrastructure on June 18, 2024.

A Trillion-Dollar Infrastructure Challenge

The United States faces a staggering infrastructure deficit, with over $1 trillion in repairs and maintenance needed across the country's aging sewer systems. Compounding the problem, many utilities and service firms continue to rely on legacy software that is slow, error-prone, and increasingly obsolete. The result: crews and equipment sit idle an estimated 66% of the time, driving up costs and delaying critical maintenance work.

SewerAI's cloud and AI-based platform is designed to address these inefficiencies head-on. Customers using the platform have been able to double the linear feet of inspections performed each day, while simultaneously improving data quality and shortening turnaround times — a combination that delivers measurable value to municipalities and service providers alike.

How the Funding Will Be Used

SewerAI plans to deploy the Series B capital across several key areas to accelerate its growth and deepen its technology advantage:

• Expanding its engineering and go-to-market teams
• Improving AI model training and accuracy
• Broadening its product offering
• Scaling operations to serve more customers across North America

Proven Results in the Field

Macomb County, Michigan has been an early adopter of SewerAI's platform. Candice S. Miller, the county's public works commissioner, spoke to the real-world impact of the technology:

"We've been doing whatever is necessary with the goal of preventing another underground infrastructure disaster. Inspections are an important element of that effort, and using SewerAI software enables us to perform that task much quicker, more effectively and more efficiently while saving ratepayers millions of dollars."

— Candice S. Miller, Public Works Commissioner, Macomb County, Michigan

Investor Perspective: AI as the Answer to the Infrastructure Crisis

Justin Moore, CEO of Innovius Capital, highlighted why SewerAI stands out in a crowded market:

"The U.S. is facing critical infrastructure challenges, and AI solutions that drive down costs and speed up remediation will be key. SewerAI's cloud and AI-driven solutions significantly reduce costs and enhance efficiency and accuracy in inspecting the 6.8 billion feet of sewer pipes across the nation. Its advanced technology and robust dataset make it the clear market leader, enabling field workers to eliminate repetitive tasks and focus on proactive maintenance and remediation, ultimately improving critical urban infrastructure management. We are excited to support SewerAI's growth and impact."

— Justin Moore, CEO, Innovius Capital

SewerAI's Vision for the Future

Matthew Rosenthal, founder and CEO of SewerAI, underscored the scale of the problem the company is solving — and the momentum it has already built:

"U.S. municipalities spend about $50 billion annually just to maintain their aging pipe infrastructure. Our software has saved tens of thousands of engineering hours and tens of millions of dollars for our customers. This new funding round will enable us to expand our product portfolio and scale as we continue to provide massive value to our customers and partners."

— Matthew Rosenthal, Founder and CEO, SewerAI

Source: Underground Infrastructure