# Noteworthy AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/noteworthy-ai

- Industry: Software
- Headquarters: Stamford, US
- Website: www.noteworthy.ai
- Total disclosed funding: $0.3M
- Latest round: Seed (Sep 21, 2021)
- Investors on record: 1

## About

Noteworthy AI Inc., based in the US, specializes in advanced artificial intelligence solutions for electric utilities, enhancing operational efficiency through innovative technologies that automate grid inspections and asset management.Founded in 2020 in Stamford, US, Noteworthy AI Inc. focuses on providing cutting-edge inspection solutions for electric utilities. The company has completed a total of 5 deals, with its most recent funding round occurring on October 13, 2023. Noteworthy AI has raised a total of USD 5.61 mn, bringing its current company valuation to USD 14.98 mn. The company is led by a founder with a history of entrepreneurial ventures, contributing to its strategic direction.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. The solution operates passively during routine vehicle operations, thus minimizing the need for dedicated inspection crews and offering scalable insights into grid maintenance and asset management.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%. Through these arrangements, Noteworthy AI aims to establish long-term relationships with utility providers, ensuring they have the tools necessary to maintain grid reliability and safety.In October 2023, Noteworthy AI Inc. raised USD 5.61 mn in Seed funding, part of a larger USD 7.57 mn round from unspecified investors. 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. This financing will also support enhancements in their technology offerings to improve data analytics and customer service.

## Funding rounds

- Seed, Sep 21, 2021, $0.3M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed