Secures $6 Million in Funding

by Kay Aloha Villamor in April 1st, 2024, a Somerville, MA-based enterprise AI solutions for transportation infrastructure, has secured $6 million in funding. 


The round was led by Companyon Ventures, with participation from Argon Ventures, AeroX Ventures, and Alumni Ventures. Notably, existing investors such as MassVentures, Launch Capital, RiverPark Ventures, Launchpad Venture Group, and Hub Angels also continued their support. 

Founded in 2016, Companyon Ventures is a venture capital firm based in Boston, Massachusetts. The firm prefers to invest in business-to-business (B2B) software startups based in North America. Use of Funds 

The newly acquired funds will mainly go towards bolstering collaborations with engineering firms and government clients. Additionally, plans to invest in the development of new technologies to address a broader range of infrastructure challenges, thus making infrastructure management more efficient, safer, and adaptable. 


Founded by Daniel Pelaez, is a company that provides AI-powered mapping and management solutions for the physical world. The company offers end-to-end solutions that empower asset managers to digitize and analyze infrastructure efficiently. Their technology, which includes vehicle-mounted LiDAR sensors and cameras, provides invaluable insights into infrastructure conditions, thereby streamlining inspection processes, reducing costs, and enhancing safety. assists governments in optimizing civil infrastructure through the use of 3D LiDAR sensors and data processing algorithms. Its mission is to connect the physical and digital worlds for governments, engineers, infrastructure owners, and more. 

Funding Details                 

Company: Cyvl, Inc.  

Raised: $6.0M                                  

Round: Unknown  

Funding Month: March 2024                                          

Lead Investors: Companyon Ventures     

Additional Investors: Argon Ventures, AeroX Ventures, Alumni Ventures, MassVentures, Launch Capital, RiverPark Ventures, Launchpad Venture Group, and Hub Angels   

Company Website:   

Software Category: Mapping Solutions  


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