Dam, that’s a big raise
Plus, electric buses are coming, and VIATEC has office space available.
Welcome to this week’s Sunday Briefing. In this issue, discover how your startup can get press attention, learn about the electric buses coming to a street near you, access your next office space, and plenty more.
Now, onto today’s briefing. It’s 845 words, a four-minute read.
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Niricson completes $10M+ Series A
Photo credit: Niricson on Twitter
Niricson, a UVic spinoff that digitizes infrastructure assets like dams or spillways, completed a Series A worth over $10 million. The round was led by led by MUUS Climate partners, and joined by Bentley Systems, Sustainable Development Technology Canada, Export Development Canada, Invest Victoria, Australia, Forward Venture Capital, Techstars, and other investors. The company previously raised $2 million.
The newfound capital will impact Niricson in a pair of ways. First, the company plans to expand its global footprint by using robotics, computer vision, and acoustic technology combined with AI. That technology will make predictive maintenance of large-scale civil assets like dams, spillways, nuclear power plants, bridges, airport runways, and tunnels safer, faster, and more efficient.
Second, it will accelerate R&D efforts focused on developing the world's first AI-driven predictive analytics SaaS platform, which is dedicated exclusively to managing critical infrastructure assets. This would ensure asset safety and optimal performance for infrastructure owners and operators.
"We are now serving more than 20 large customers owning dams, bridges, runways, and other critical assets globally,” said Harsh Rathod, CEO and co-founder. “Over the last several years, we have learned a lot and built our products to address the real problem faced every day by our customers. With our series A raise complete, we now stand ready to drive even greater value for stakeholders while accelerating responsible growth throughout the globe."
🏙️ Community catchup, powered by VIATEC
Join a thriving community of entrepreneurs and innovators at Fort Tectoria! VIATEC currently has one office available, and two that will be available on September 1, to help local tech companies discover the perfect workspace and elevate their productivity.
Two offices are big enough for four, and one will hold six of your employees, with prices starting at $1,250 a month.
Included in the office rental at Fort Tectoria:
Wifi and all utilities
Free and unlimited boardroom usage, and monthly credits for conference room usage
Secure bike storage on every floor
24/7 secure access to the facility and your workspace
Daily mail delivery to your office
Tenant discount at the Fort on Fort Cafe
Furnished offices with desks and chairs, or you can bring your own
Fully stocked kitchen for tenants to use
📰 More Victoria innovation news
🚌 Push to start: The governments of Canada and British Columbia invested $395.5 million to support the electrification of public transit across the province.
🕴️ Tech jobs of the week
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