Radical Ventures leads RoadBotics' $7.5 mln Series A round
RoadBotics, a Pittsburgh, Pennsylvania-based infrastructure technology company, has raised US$7.5 million in a Series A financing. The round was led by Canadian artificial intelligence (AI) venture capital firm Radical Ventures, with participation from Hyperplane Venture Capital, Wharton Alumni Angels and others. Founded in 2016, RoadBotics uses AI to help governments and engineering companies make data-driven pavement management decisions. It serves more than 150 customers in 23 U.S. states and 11 countries. RoadBotics will use the funds raised to accelerate growth and develop new products. Earlier this year, Radical launched a new $458 million (US$350 million) AI-focused fund.
17 July 2019•5 mins read
