Niricson Raises Over $10M CAD in Series A

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Niricson, a revolutionary Canadian tech company, has successfully raised over $10 million CAD (USD$7.5m) in a Series A funding round. The funding round was led by MUUS Climate partners, and other investors included Bentley Systems, Sustainable Development Technology Canada, Export Development Canada, Invest Victoria (Australia), Forward Venture Capital, Techstars, and more.

With this new capital infusion, Niricson aims to expand its global footprint by leveraging robotics, computer vision, acoustic technology, and AI for predictive maintenance of large-scale civil assets worldwide. These assets include dams, spillways, nuclear power plants, bridges, airport runways, tunnels, and more. The company’s goal is to make the assessment and risk management of critical infrastructure safer, faster, and more efficient.

Niricson’s focus also lies on advancing its research and development efforts. It aims to develop the world’s first AI-driven predictive analytics Software as a Service (SaaS) platform dedicated to managing critical infrastructure assets, ensuring their safety and optimal performance.

The company is a pioneer in the digitization of critical infrastructure assets, making them ideal for asset owners of key structures like hydro dams, bridges, runways, ports, and other civil assets. By utilizing advanced technologies such as AI, computer vision, and acoustics, combined with machine learning algorithms, Niricson provides asset managers and civil engineers with critical insights and multi-layered defects visualization. This enables them to make better decisions, optimize maintenance programs, and reduce costs, ensuring continuous safe operation with maximum efficiency.

Niricson currently serves more than 20 large customers globally who own critical assets like dams, bridges, runways, and more. With the completion of its Series A funding, the company is poised to deliver even greater value for stakeholders while expanding its presence and responsible growth worldwide. The company remains committed to empowering society to address grand challenges effectively and looks forward to the exciting journey ahead.

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