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Aren Secures $2 Million In Seed Round

Aren Secures $2 Million In Seed Round

11/01/21, 12:00 AM
Money raised
$2 million
Round Type
seed
Funds will grow the company’s engineering and product teams as it expands the reach of its AI-powered civil engineering technology platform

Company Info

Company
Aren
Additional Info
-- Dr. Ali Khaloo, Founder & CEO, ArenNEW YORK (PRWEB)November 01, 2021 Aren—the leading civil infrastructure management Software-as-a-Service (SaaS) platform—today announced its seed capital raise of $2 million, aimed at growing its engineering and product teams as the company scales. In effect, the platform enables the creation of fast, objective, as well as thorough engineering assessments — an incredibly valuable tool as aging infrastructure fixtures crumble globally. The platform automatically aggregates raw data from different sources such as images, video, laser scanners, and other sensors, and provides a 3D high-resolution visualization of the asset and its health through time, as well as predictive maintenance plans, capital allocation plans, and service life estimates. “We are on a journey to change the global landscape of civil infrastructure by developing cutting-edge technology to optimize trillions of dollars of civil infrastructure spending, and minimize civil infrastructure failure risk,” said Ali Khaloo, CEO and Co-Founder, Aren. Aren provides a solution to those inefficiencies as an end-to-end, AI-powered platform designed to assess buildings, bridges, and built environments to allow data-driven decision-making and risk management. Aren's the perfect mix of civil engineering and the latest in machine learning technology.