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