Red Mountain Scientific, a Fort Collins, Colorado-based artificial intelligence company specializing in wireless infrastructure asset management, secured $500K in seed funding.
The round, which brings total funding to date to $1.5m, was led by a select group of private equity investors.
The company intends to use the funds to accelerate roll-out of advanced features and extend capabilities.
Founded in February 2017 by Mike Moses, CEO, Red Mountain Scientific provides companies in the wireless sector with an image intelligence platform for infrastructure management. Its automated data collection, web-based asset management, and machine learning software integrates drone-based image acquisition with AI/deep learning via an enterprise grade cloud platform to provide a visual interface that produces actionable intelligence for the management of these facilities.
RMS initially entered the market with Skyli, an app that automates drone flights for inspection of cell tower assets. RMS then launched Summit, a cloud-hosted, end-to-end tower management solution for image annotation, visualization, and reporting.
The company has clients and partners across the entire wireless industry landscape, including: telecommunication carriers; tower ownership groups; and engineering firms.