Enview raises $12M in funding to protect people and critical infrastructure with its automated geospatial data analytics engine
Monitoring critical infrastructure is an inherently daunting task. In the US alone, there are over 4 million miles of power lines and pipelines, spread over millions of square miles of diverse terrain. Aging infrastructure, geohazards, and increasingly severe weather, are making matters worse while population growth and new building development are pushing closer to critical infrastructure – making the consequences of failures catastrophic. Operators must deal with these compounding factors with limited resources. Traditional inspections using ground and aerial patrol, solely relying on the human eye, are no longer sufficient. We need better tools.
Enter Enview, a Silicon Valley-based tech startup and a 3D Geospatial Analytics company protecting people and critical infrastructure, and enhancing national security by mapping the world in 3D. The company’s solutions combine expertise in remote sensing, computer vision, and geospatial big data to enable energy and government customers to predict future threats, and prevent those threats from becoming incidents.
To further support its mission and accelerate hiring of various positions across the company to meet public and private sector demand, Enview announced today it has raised $12 million in round of funding initially announced last month. The oversubscribed funding was led by BrightCap Ventures, with participation from Statkraft Ventures, a Europe-based, energy-focused Venture Capital Fund, Ahoy Capital and existing investors Crosslink Capital and Skype Co-Founder Toivo Annus. Enview was founded in 2015 by Krassimir Piperkov and San Gunawardana.
“We´re excited to invest into an inspiring team and tech at Enview ready to further increase data-processing and analytics capabilities of their customers working around critical energy infrastructure. We do see a clear need for modelling the world in 3D in different verticals and are proud to back Enview on their journey of applying this tech to additional use cases, customers and geographies,” said Alexander Küppers from Statkraft Ventures.
Enview has built the world’s most scalable AI platform to enable rapid, automated classification of 3D point clouds. Enview’s unique methods for processing 3D data were specifically designed to work where traditional 2D image processing fails. The ability to process 3D data at unmatched scale and speed enables governments and energy companies to create digital twins of their physical world, rapidly identify change, and reduce time to action.
“Even in these unprecedented times, we’re honored to see the support and enthusiasm for Enview from both the public and private sectors,” said Enview CEO and co-founder San Gunawardana. “Over the last few months, we’ve seen great momentum from government contracts as well as energy companies looking to Enview for a wide range of use cases from protecting critical infrastructure to emergency response and off-road mobility. With these partnerships, we’re able to grow our team and accelerate our development to meet these market demands.”