Noteworthy AI
Latest round
- Seed
Last raised
- Sep 2021
Total raised
- $0.3M
Investors
- 1
About Noteworthy AI
Founded in 2020 in Stamford, US, Noteworthy AI Inc. focuses on providing cutting-edge inspection solutions for electric utilities.98 mn.Noteworthy AI specializes in providing advanced solutions for electric utilities through its flagship product, Noteworthy Inspect. This innovative system utilizes AI-powered smart cameras mounted on existing fleet vehicles to automate the evaluation of distribution grid conditions. The technology enables utilities to identify pole defects, inventory components, and monitor assets in real-time, significantly enhancing operational efficiency and reducing costs. Targeting challenges posed by aging infrastructure, extreme weather, and increasing demand for reliable energy distribution, Noteworthy AI delivers its services primarily to electric utility providers across North America.Noteworthy AI's revenue model is built around B2B partnerships with electric utilities, where the company provides its Noteworthy Inspect system as a service. This involves implementing the AI camera systems into the utility's existing fleet, allowing for automatic data collection and reporting. Clients engage in a subscription-based transaction structure, granting them access to the AI software and ongoing support for their asset management needs. The pricing structure is designed to enhance the affordability of high-quality grid inspection services while ensuring significant operational savings, with reported reductions in operating and maintenance costs by up to 75%.In October 2023, Noteworthy AI Inc. With these funds, the company plans to further develop its Noteworthy Inspect system and expand into new geographic markets, specifically targeting utilities in the northeastern and western regions of the US by the end of 2024.
Who invested in Noteworthy AI
1 investor across 1 round
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Funding rounds
Seed
Sep 21, 2021
Amount
$0.3M
Investors
Questions about Noteworthy AI
Who invested in Noteworthy AI?
Noteworthy AI has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Noteworthy AI raised?
Noteworthy AI has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Noteworthy AI last raise money?
Noteworthy AI's most recent round on record is a Seed, in Sep 2021.
What does Noteworthy AI do?
Founded in 2020 in Stamford, US, Noteworthy AI Inc.
Where is Noteworthy AI headquartered?
Noteworthy AI is headquartered in Stamford, US.
Which VCs invest in companies like Noteworthy AI?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Noteworthy AI's stage. Their profiles are linked below.
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