Levatas Raises $5.5 Million to Expand Development of Cognitive Intelligence for Robots and Drones that Inspect and Monitor Industrial Workplaces & More Trending News


Investment shall be used to scale software program improvement, {hardware} integrations, and growth into new industries

WEST PALM BEACH, Fla., May 17, 2022–(BUSINESS WIRE)–Levatas, builders of AI software program that allows robots, drones, distant sensors, and fastened cameras to execute operational duties at industrial websites, introduced that it has raised $5.5 million in a seed spherical led by Castellan Group. Levatas was based by CEO Chris Nielsen, together with companions Ryan Gay and Daniel Bruce, who function Chief Financial Officer and Chief Product Officer, respectively.

The funding shall be used to develop the machine studying engineering crew, assist the corporate prolong into extra industries, and allow integration with a broader array of information seize {hardware}. Currently, Levatas’s platform and industrial AI fashions create better effectivity for main chip producers, world automakers, oil refineries, power producers, and one of the biggest breweries within the United States. Specific to every facility, the Levatas crew builds and deploys absolutely operational fashions for analog gauge studying, thermal anomaly reporting, folks identification, and detection of environmental adjustments over time. These duties are then executed day by day by autonomous robots, drones, digicam techniques, and different visible information assortment units.

“Our team lives and breathes the world of AI, but our core mission is all about people. We give machines the ability to handle the dirtiest, most repetitive, and dangerous tasks so that our clients’ human employees can focus on problem-solving, thoughtful execution, and company growth,” defined Nielsen. “Because we enable their machines to handle rigorous tasks, the organizations we serve can see demonstrable ROI, as measured by higher efficiency, more uptime, and safer workplaces.”

Through automating labor-intensive duties like studying analog gauges and performing tools inspections, corporations can considerably decrease operational prices and create safer, extra environment friendly services for workers. The Levatas platform and inspection fashions work with all kinds of visual-capture platforms; starting from fastened digicam networks, to superior drones and quadruped robots like Boston Dynamics’ Spot®.

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“We’ve worked with Levatas on numerous projects and we’re continually impressed by what they bring to the table,” stated Tim Dykstra, Director of Strategic Partnerships and Channel Sales at Boston Dynamics. “Spot is an agile mobile robot that is particularly well-suited for industrial inspections, because it captures data in a standardized, repeatable way. The Levatas team develops machine learning models that enable the robot to respond to complex tasks based on visual data it collects, so together, we can continuously monitor industrial assets to predict failures earlier and prevent unplanned downtime.”

“The world of industrial robots and drones is accelerating at an astonishing rate, but what good are robots and industrial devices without automated intelligence to maximize their value?” added Scott Smith, Founding Family Member of Castellan Group, and new Levatas board member. “After meeting the Levatas team and seeing firsthand the value they are unlocking within their global customers, we quickly recognized their leadership in this category and we’re excited to watch them grow with our support.”

About Levatas

Based in West Palm Beach, FL, Levatas is the main developer of cognitive intelligence for automating industrial inspections. Levatas creates and delivers end-to-end options that allow robots, drones, distant sensors and digicam techniques to autonomously carry out tools monitoring, security checks, and website surveillance duties in industrial environments. Learn extra at www.levatas.com

About Castellan Group

Castellan Group, LLC is a SEC-registered funding advisor and multi-family household workplace that exists to associate with ultra-high web value households as accountable stewards of their property. In addition to managing a number of quantitative public funding methods, Castellan buildings direct investments in healthcare, monetary know-how, rising client, inexperienced know-how, and waste disposal companies throughout all levels of progress.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20220517005801/en/

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