Austin-based Infravision has raised $91 million in Collection B funding to speed up the worldwide deployment of its aerial robotics system for energy line development and upkeep. The spherical was led by Singapore’s sovereign wealth fund GIC, with participation from Activate Capital and Hitachi Ventures, alongside current investor Power Affect Companions.
Based in 2018 by robotics engineer Cameron Van Der Berg and navy veteran Chris Cox, Infravision has developed the TX System—a drone-based platform that replaces conventional helicopter and handbook strategies for energy line stringing. The know-how combines autonomous drones, clever floor tools, and specialised stringing {hardware} to ship sooner, safer, and more cost effective grid infrastructure deployment.
Infravision’s Tasks
The corporate has already accomplished greater than 40 main initiatives throughout 4 nations, together with high-profile deployments just like the Powerlink Genex undertaking in Australia and emergency response operations with PG&E in California. The TX System gives helicopter-level capabilities in a truck-based fleet car, lowering undertaking prices, minimizing outages, and enhancing emergency response in difficult situations.
With world electrical energy demand surging because of AI infrastructure, industrial onshoring, and electrification, utilities face unprecedented strain to increase transmission capability. The Worldwide Power Company estimates the world should double grid infrastructure by 2040 to fulfill local weather objectives. Infravision’s know-how addresses crucial bottlenecks on this buildout by eliminating many contingencies and hazards inherent in typical energy line development.
“Infravision’s aerial robotics system has been confirmed on a number of the largest and most advanced energy line initiatives on this planet,” stated Van Der Berg. “This funding will assist us scale to offer a sooner, safer, and more cost effective strategy to meet surging electrical energy demand because the world races to double grid infrastructure by 2040”.
The brand new capital will fund U.S. manufacturing growth, world-class engineering expertise acquisition, and partnerships with main utilities and contractors throughout North America. With Australia established as a confirmed market, the corporate is now targeted on accelerating its North American footprint.
About Infravision
Infravision is reworking how the world builds and maintains energy grids. With its proprietary aerial robotics system, the corporate allows utilities, contractors, and builders to increase transmission and distribution infrastructure sooner, safer, with decrease environmental and group impression, and at considerably decreased prices. Working globally, Infravision helps meet the pressing demand for dependable and resilient grid infrastructure. For extra data, go to https://infravisioninc.com.
About GIC
GIC is a number one world funding agency established in 1981 to safe Singapore’s monetary future. Because the supervisor of Singapore’s overseas reserves, we take a long-term, disciplined strategy to investing. Our asset allocation technique spans three asset teams – Equities, Mounted Earnings, and Actual Property. These embrace investments in developed and rising market equities, nominal and inflation-linked bonds, non-public fairness, actual property, options, and infrastructure. We’re headquartered in Singapore, with a worldwide presence together with a expertise pressure of over 2,300 individuals in 11 key monetary cities and investments in over 40 nations. We search so as to add significant worth to our investments and be an investor of alternative by leveraging our long-term strategy, multi-asset capabilities, and world connectivity.
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Ian McNabb is a journalist specializing in drone know-how and life-style content material at Dronelife. He’s primarily based between Boston and NH and, when not writing, enjoys mountain climbing and Boston space sports activities.
