UTC Spin-off company, RoadBotics has raised $3.9M in its series seed round of financing
UTC Spin-off company, RoadBotics, developer of advanced computer vision technology for inspecting roads and infrastructure, has raised $3.9M in its series seed round of financing, led by Boston-based Hyperplane Venture Capital. The capital will help the company revolutionize the way engineering firms, local governments and municipalities manage and maintain roadways and other infrastructure. RoadBotics, headquartered in Pittsburgh, PA, is a rapidly-growing two-year-old company that uses deep learning to assess roadways for 78 cities, towns and counties across the US and Australia. The company emerged from the Robotics Institute at Carnegie Mellon University in December 2016 and grew out of Carnegie Mellon’s extensive research in autonomous vehicles. Read more here: https://www.prnewswire.com/news-releases/roadbotics-secures-3-9m-to-transform-road-management-300750045.html.