According to filings with the U.S. Securities and Exchange Commission, Noteworthy AI is raising $7,573,439.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Christopher Ricciuti played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Noteworthy AI
Noteworthy provides vehicle mounted cameras and AI to help electric utilities collect and analyze imagery on distribution assets at scale. There are 185 million electric distribution poles in the United States and they are notoriously difficult to manage. Due to this sheer number of poles, most utilities struggle to know exactly where their poles are, what’s on them and what condition they are in. Why? Because collecting this data on the distribution grid is currently a slow, manual and costly process often done by sending out dedicated crews and trucks with binoculars, cameras and paper forms. This process is expensive, difficult to scale and it doesn’t mitigate risks related to grid reliability, resiliency and safety. Noteworthy Inspector employs vehicle mounted cameras and AI to help utilities collect and analyze imagery on distribution assets at scale. By mounting on existing utility fleet vehicles and through the use of proprietary AI, Inspector can realize cost savings and efficiencies across a variety of use cases including geolocation and GIS clean up, asset inspections, vegetation management, 3rd party attachment compliance, and unregulated lighting assessments.

To learn more about Noteworthy AI, visit http://noteworthy.ai/

Contact:
Christopher Ricciuti, Chief Executive Officer
203-902-5256
https://www.linkedin.com/in/ricciuti/

SOURCE: http://www.intelligence360.io
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