Levatas, a West Palm Beach, Fla.-based developer of AI software that enables robots, drones, remote sensors, and fixed cameras to execute operational tasks at industrial sites, raised $5.5m in seed funding.
The round was led by Castellan Group. In conjunction with the funding, Scott Smith, Founding Family Member of Castellan Group, joined Levatas’ board.
The company intends to use the funds to scale software development, hardware integrations, and expansion into new industries.
Founded by CEO Chris Nielsen, along with partners Ryan Gay and Daniel Bruce, who serve as Chief Financial Officer and Chief Product Officer, respectively, Levatas is a developer of cognitive intelligence for automating industrial inspections. The solution creates and delivers end-to-end solutions that enable robots, drones, remote sensors and camera systems to autonomously perform equipment monitoring, safety checks, and site surveillance tasks in industrial environments.
Currently, Levatas’s platform and industrial AI models create greater efficiency for major chip manufacturers, global automakers, oil refineries, energy producers, and one of the largest breweries in the United States. Specific to each facility, the team builds and deploys fully operational models for analog gauge reading, thermal anomaly reporting, people identification, and detection of environmental changes over time. These tasks are then executed daily by autonomous robots, drones, camera systems, and other visual data collection devices.
FinSMEs
17/05/2022