Aren Raises $2 Million in Seed Round  

by Kay Aloha Villamor in November 2nd, 2021

Aren, a New York-based leading civil infrastructure management Software-as-a-Service (SaaS) platform, announced its seed capital raised of $2 million, aimed at growing its engineering and product teams as the company scales. 

The round was led by Shadow Ventures, with Rho Capital Partners, MetaProp, Technion Angels, Green Egg Ventures, HBS Alumni Angels, Turf Advisory, COINS, and Maccabee Ventures as major participants. 

Company: Aren, Inc.

Raised: $2.0M

Round: Seed Round

Funding Month: November 2021

Lead Investors: Shadow Ventures

Additional Investors: Rho Capital Partners, MetaProp, Technion Angels, Green Egg Ventures, HBS Alumni Angels, Turf Advisory, COINS, and Maccabee Ventures

Company Website: http://www.aren.ai/

Software Category: Civil infrastructure management Software-as-a-Service (SaaS) platform

About the Company: Founded by Dr. Ali Khaloo and Edgar Martinez Ceja, Aren is building a civil infrastructure management platform for engineering firms and asset owners to minimize the risk of failure and optimize infrastructure spending. Aren’s B2B SaaS platform uniquely combines artificial intelligence and civil engineering using the company’s patented technology. The platform automatically aggregates raw data from different sources such as images, video, laser scanners, and other sensors, provides a 3D high-resolution visualization of the asset and its health through time, as well as predictive maintenance plans, capital allocation plans, and service life estimates. Aren’s technology offers a cost-effective, automated, and objective approach to de-risk the inspection, assessment, and management of civil infrastructures, such as bridges, building facades, and dams.

Source: https://www.prweb.com/releases/aren_secures_2_million_in_seed_round/prweb18293665.htm

 


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