Urbint, a Miami, Florida-based AI platform for identifying and mitigating threats to infrastructure and communities, has raised $35 million in funding.
Investors
The funding round was led by S2G Ventures, with support from other firms.
S2G is a multi-stage investment firm that focuses on venture and growth-stage businesses in food and agriculture, oceans, and energy. The firm offers capital and resources to entrepreneurs developing innovative, market-based solutions that outperform traditional alternatives. Committed to long-term outcomes, S2G provides flexible funding options, including seed and venture capital, growth equity, and debt financing.
Urbint Use of Funds
This funding will enhance Urbint's storm response solutions for utilities amid an active hurricane season.
About Urbint
Founded by Corey Capasso, Urbint provides an artificial intelligence (AI) platform designed to help utility companies and infrastructure operators identify and mitigate risks related to their operations. Urbint uses AI and the latest industry science to identify threats to workers and infrastructure to stop safety incidents before they happen. Urbint surfaces risk at the point of work, enabling energy and infrastructure companies to prevent worker injuries and asset damages. Largest utilities in the country, including Southern Company, Exelon, and National Grid, trust Urbint.
Funding Details
Company: Urbint
Raised: $35.0M
Round: Growth Equity
Funding Date: October 2024
Lead Investor: S2G Ventures
Additional Investors:
Company Website: https://www.urbint.com/
Software Category: Incident Prevention Solutions
Source: https://www.prnewswire.com/news-releases/urbint-receives-35-million-strategic-growth-equity-investment-from-s2g-to-double-down-on-resiliency-and-safety-amid-hurricane-season-302282257.html