Urbint is an AI platform led by CEO Corey Capasso that uses industry science to surface risk at the point of work and prevent safety incidents. The company’s core solution helps energy and infrastructure companies prevent worker injuries and asset damage by identifying threats to workers, critical infrastructure, and communities. Urbint offers a dedicated product, Urbint for Storm Response, which centralizes management of storm and natural disaster response, including logistics, emergency work, and real-time resource allocation. Many of the largest energy and infrastructure companies in North America use Urbint’s platform. The company raised $35M in strategic/growth equity funding and intends to use the proceeds to further develop resiliency and storm response solutions for utilities. No operating metrics or past-round financial details were provided in the article. Urbint provides a software platform that leverages real-world data and artificial intelligence to predict threats to workers and critical infrastructure and stop incidents before they occur. The platform delivers a clear picture of risk up to a week in advance, enabling decision makers to take action in the right place at the right time. Many of the largest energy and infrastructure companies in North America use Urbint to protect workers, assets, and communities; customers include National Grid and Southern Company. The company is led by founder and CEO Corey Capasso. Urbint intends to use the funding to scale its technology and introduce new solutions to meet demand for its incident prevention software. The company has raised a total of $109M to date. Urbint provides an AI-powered Field Risk Management platform that predicts and prevents threats to critical infrastructure and the workers who maintain it. The platform pinpoints risk across construction, servicing, replacement, and protection of infrastructure. More than 40 utilities and asset operators across North America use Urbint to make risk-driven safety decisions. Customers include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy. The company will use the $20M Series B to scale its Field Risk Management platform and expand into new industries and countries. Urbint is led by founder and CEO Corey Capasso. Urbint builds artificial intelligence software that quantifies and predicts risk across gas distribution infrastructure to help utilities allocate resources and reduce safety incidents. Its core product is an AI-based enterprise risk platform and a proprietary model that gives operators insight into external factors driving risk on distribution pipeline systems in real time. The company plans to accelerate development of that enterprise risk platform, advance R&D on risk-based solutions, and begin international expansion. Urbint recently acquired Opvantek, extending its software to assess risk on more than 25% of U.S. natural gas distribution pipelines. It now services the majority of the North American natural gas utility industry, including nine of the top ten largest gas utilities. Named utility partners include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy.

Total raised

$115M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2024