Currently, utility companies inspect their powerlines manually by a team of people and helicopters. This process is expensive, time-consuming, and dangerous, and has a negative environmental impact. This is where Stockholm-based Skyqraft comes to play as it automates the powerline issues with the use of AI.
Bags €1.8 M seed funding
Skyqraft just announced that it bagged $2.2M (nearly €1.8M) seed funding in a round led by Subvenio Invest along with participation from Antler, Next Human Ventures and angel investors. The Swedish company announced that it will use the investment to further develop its AI detection features and accuracy. Also, it will focus on expanding its operations in Europe and the USA.