Quantela, a San Francisco, CA-based smart city automation and AI solutions provier, raised $10m in equity funding.
Digital Alpha – an investment firm focused on digital infrastructure and services required by the digital economy – provided the funding.
The company intends to use the funds for market expansion in strategic locations across the United States and Europe.
Founded in 2014 by Sridhar Gadhi, CEO, Quantela provides Atlantis, an artificial intelligence (AI) platform that uses advances in data aggregation, operational intelligence, deep learning and machine learning to enable urban service providers, cities and communities and other organizations to handle large volumes of real-time and historical data from IoT, open data sources and operational technology to make informed decisions.
The company has delivered and deployed the Atlantis platform to dozens of cities and communities including some 40 sites across the US, Europe, and Asia with key contracts in place around the world.