Urbint
Categories
United StateS
Country
Corey Capasso (Founder and CEO)
Matt Crye (Chief Customer Officer)
Bill Dall (SVP of Product & Technology)
Trent Peugh (President, Damage Prevention)
Technology
Summary
Urbint, founded in 2015 and based in Miami Beach, Florida, is a leader in using artificial intelligence to enhance safety and prevent damage to critical infrastructure. The company leverages advanced AI and predictive analytics to identify and mitigate risks before they lead to incidents. Urbint's technology helps energy and infrastructure companies protect workers, prevent asset damage, and ensure environmental safety. Their solutions have been adopted by major energy and infrastructure firms across North America.
The company's flagship products include AI-driven tools for worker safety and damage prevention. Urbint’s Worker Safety solution predicts hazards and threats in advance, allowing for proactive measures to prevent serious injuries. Similarly, their Damage Prevention solution identifies high-risk excavations, helping companies avoid costly and disruptive incidents. Urbint’s technology has proven effective, reducing worker safety risks by over four times and asset damages by up to 30% for clients.
Urbint has achieved significant milestones, including a successful Series C funding round in 2021 and the acquisition of Opvantek in 2019. Their growth reflects a strong commitment to transforming safety practices through innovation. The company continues to advance its mission of eliminating safety incidents and protecting communities, aiming to build a world where critical infrastructure is secure and reliable.
History
Urbint was founded in 2015, with a mission to revolutionise safety and risk management in critical infrastructure through artificial intelligence (AI). Based in Miami Beach, Florida, the company emerged from a vision to leverage real-world data and advanced AI to predict and prevent incidents that pose threats to infrastructure, workers, and the environment.
Initially, Urbint focused on underground utilities. The company’s first major success came with the deployment of AI technology to predict risks on gas service lines for Con Edison, one of its early clients. This breakthrough demonstrated Urbint's ability to accurately forecast and mitigate potential hazards, laying the groundwork for future innovations. The use of AI in this area significantly improved monitoring and damage mitigation, leading to a 25% reduction in damage incidents for utilities across North America.
In June 2018, Urbint secured its Series A funding round led by Energy Impact Partners. This funding was crucial for expanding their technological capabilities and market reach. The following year, in October 2019, Urbint further strengthened its position by acquiring Opvantek, a company known for its risk-based asset management software. This acquisition allowed Urbint to broaden its offerings and enhance its solutions for gas, electric, and telecommunications companies.
June 2020 marked another significant milestone when Urbint raised Series B funding. This round was co-led by Energy Impact Partners and Piva Capital, with additional investments from Salesforce Ventures, National Grid Partners, and Blue Bear Capital. This infusion of capital supported the development of new solutions and the expansion of Urbint's technological capabilities. During this period, Urbint introduced its Worker Safety solution, which uses AI to predict and identify safety hazards before workers arrive on site. This innovation aimed to prevent serious injuries and fatalities, reflecting Urbint’s commitment to worker protection.
In October 2020, Urbint launched Urbint for Worker Safety, a dedicated solution designed to enhance safety protocols by identifying risks and enabling proactive measures. This solution has since become a critical tool for many companies, helping them to reduce safety risks significantly.
Urbint’s growth continued with the successful completion of a Series C funding round in August 2021. This round was led by Energize Ventures, with contributions from American Electric Power, OGCI Climate Investments, and previous investors including Energy Impact Partners, National Grid Partners, Blue Bear Capital, and Salesforce Ventures. The Series C funding bolstered Urbint's capacity to advance its technology and expand its market presence.
Throughout its journey, Urbint has focused on developing AI-driven solutions to address various safety and risk management challenges. The company's innovations in predictive analytics and risk assessment have helped clients in the energy and infrastructure sectors significantly reduce damage and enhance worker safety. Urbint’s technology has proven effective in identifying high-risk scenarios and preventing costly incidents, thereby protecting assets, workers, and communities.
Today, Urbint stands as a leader in the field of AI-powered safety and risk management. With a growing team and a robust portfolio of solutions, the company remains dedicated to its mission of creating a world with zero safety incidents. By continually advancing its technology and expanding its reach, Urbint aims to set new standards in infrastructure safety and risk prevention, driving positive change across the industry.
Mission
Urbint’s mission is to transform safety and risk management in critical infrastructure through the use of artificial intelligence. The company aims to leverage advanced AI to predict and prevent incidents, thereby safeguarding infrastructure, workers, and the environment. By analysing real-world data, Urbint seeks to reduce risks and enhance safety protocols, ensuring that potential hazards are identified and addressed before they can cause harm. The company is committed to using cutting-edge technology to make infrastructure operations safer and more efficient, ultimately contributing to a more secure and resilient world.
Vision
Urbint’s vision is to create a world where safety incidents are a thing of the past. The company envisions a future where its AI-driven solutions are universally adopted, setting new standards for risk management in critical infrastructure. Urbint aims to lead the way in leveraging technology to prevent accidents and protect communities, ensuring that infrastructure operates smoothly and safely. By continuing to innovate and expand its offerings, Urbint strives to foster a safer, more reliable environment for workers and the public, making significant contributions to industry safety and resilience.
Key Team
Corey Capasso (Founder and CEO)
Matt Crye (Chief Customer Officer)
Bill Dall (SVP of Product & Technology)
Trent Peugh (President, Damage Prevention)
Recognition and Awards
Products and Services
Urbint provides innovative products and services designed to enhance safety and risk management in critical infrastructure sectors. By harnessing advanced artificial intelligence and machine learning technologies, Urbint delivers solutions that help organisations proactively manage and mitigate potential risks.
1. Urbint Risk Management Platform
The core of Urbint's offerings is its Risk Management Platform. This platform leverages AI to analyse vast amounts of data from various sources, including historical incident reports, real-time operational data, and environmental factors. By doing so, it helps organisations identify potential risks and hazards before they escalate into serious incidents. The platform provides actionable insights that enable teams to make informed decisions and implement preventative measures. Key features include predictive analytics, risk scoring, and scenario modelling, which collectively enhance the ability to foresee and address potential safety issues.
2. Predictive Maintenance Solutions
Urbint’s Predictive Maintenance Solutions are designed to optimise the upkeep of critical infrastructure. Using AI algorithms, these solutions analyse data from equipment and sensors to predict when maintenance is needed. This proactive approach helps prevent equipment failures and extends the lifespan of machinery. The system alerts maintenance teams to potential issues before they become critical, reducing downtime and repair costs. Predictive maintenance is particularly valuable in sectors such as utilities and transportation, where timely interventions are crucial for operational efficiency.
3. Incident Management and Response Tools
Urbint offers Incident Management and Response Tools that support organisations in effectively managing and responding to safety incidents. These tools provide real-time data and communication capabilities, helping teams coordinate their response efforts more efficiently. Features include incident tracking, resource allocation, and real-time updates, which ensure that all stakeholders are informed and can act quickly. By streamlining incident management processes, Urbint’s tools help organisations minimise the impact of emergencies and recover more rapidly.
4. Risk Assessment and Compliance Solutions
Compliance with safety regulations and standards is a critical aspect of infrastructure management. Urbint’s Risk Assessment and Compliance Solutions assist organisations in meeting these requirements by providing comprehensive risk assessments and compliance checks. The solutions offer detailed reports and dashboards that highlight areas of concern and track compliance status. This helps organisations ensure they are adhering to industry regulations and best practices, thereby reducing the likelihood of fines and legal issues.
5. Customised AI Solutions
In addition to its standard offerings, Urbint provides customised AI solutions tailored to the specific needs of different sectors and organisations. These bespoke solutions are designed to address unique challenges and requirements, providing a tailored approach to risk management and safety. By working closely with clients, Urbint develops solutions that integrate seamlessly with existing systems and processes, delivering maximum value and effectiveness.
6. Training and Support Services
To ensure that organisations can fully leverage their AI-driven tools, Urbint offers comprehensive training and support services. These services include training programmes for staff on how to use the platform effectively, as well as ongoing technical support to address any issues that may arise. By equipping teams with the knowledge and resources they need, Urbint helps organisations maximise the benefits of their investment in AI technology.
References
- Urbint| Urbint
- Urbint| LinkedIn
- Working at Urbint| Glassdoor
- Urbint - Crunchbase Company Profile & Funding| Crunchbase
- Urbint Acquires WRM Software to Expand Utility Risk| PR Newswire
- AI Software Company Case Study - Urbint| Silicon Valley Bank
- Urbint: Digging for better risk management| National Grid Partners
- AI Platform Urbint Raises $60M to Protect Critical Energy| PR Newswire
Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.
Corey Capasso (Founder and CEO)
Matt Crye (Chief Customer Officer)
Bill Dall (SVP of Product & Technology)
Trent Peugh (President, Damage Prevention)
Technology