Scania Growth injects 6.6 million euros into the German SaaS platform Vialytics

Here you can talk about shenma search engine.
Post Reply
Royebisin22#
Posts: 1
Joined: Wed Jan 25, 2023 3:11 am

Scania Growth injects 6.6 million euros into the German SaaS platform Vialytics

Post by Royebisin22# »

Vialytics has attracted €10m in Series A funding from financiers consisting of Scania Development Capital, which is investing €6.6m to double headcount and expand service business road from the Stuttgart-based start-up AI Platform . Stuttgart-based Vialytics' platform uses AI to immediately record and assess the condition of road surfaces using image recognition from the maintenance crew's mobile phones. Rates vary according to the length of the assessed road network. The technology can also be affixed to community service cars, such as garbage trucks or buses, for constant traffic monitoring. In these cases, the smartphone is connected to the windshield and also deploys motion detection to tape record the extent of vibrations in the vehicle, which could show that a hole needs to be repaired more urgently.

GPS receiver in the mobile phone has the ability to instantly record the exact location, meaning the maintenance party can drive to the website and immediately begin resurfacing. Patrick Glaser, Founder and CEO of Vialytics, “This investment allows us to accelerate our global growth. We have strong traction with over 200 consumers mainly in Pakistan Phone Number List Germany and France. We are currently expanding our range of services and aim to double the variety of staff members to 120 over the next two years. » In a press release, Scania Development, managed by Stockholm/Berlin financier East Hill Equity, approved the €6.6 million Series One round investment to help develop the business model. Speaking on behalf of East Hill Equity, partner Christian Zeuch said the addition to the portfolio would strengthen Scania's mobility and AI venture capital.

Image


Zeuchner said: “Vialytics is one for Scania Development Capital's portfolio. The system supports our focus on motion and AI solutions. Cities are now all ready for digitization, which opens up an attractive market. With the Roadway Management System, Vialytics has discovered the right space to be effective in the long term. Vialytics has attracted €10m in Series A funding from financiers consisting of Scania Development Capital, which is investing €6.6m to double headcount and expand service business road from the Stuttgart-based start-up AI Platform . Stuttgart-based Vialytics' platform uses AI to immediately record and assess the condition of road surfaces using image recognition from the maintenance crew's mobile phones. Rates vary according to the length of the assessed road network.
Post Reply