City Detect has raised $13.0 million in a recent funding round, securing investment capital from investors. The company specializes in automatically assessing the exterior condition of every house throughout a city using mounted cameras and artificial intelligence. This technology enables City Detect to map property degradation and blight across communities, providing crucial data to non-profits and local governments.
This capital infusion is poised to significantly bolster City Detect's mission to empower stakeholders. By providing detailed insights into property conditions, the company helps organizations like The City of Birmingham and Protective Life Foundation more efficiently direct resources to the homeowners and neighborhoods that need them most. The funding round underscores investor confidence in City Detect's innovative approach to addressing urban challenges.
City Detect plans to use the funds to accelerate its technology development, enhance its AI capabilities, and expand its operational footprint. This expansion will allow the company to serve a greater number of communities, broadening its impact on urban revitalization efforts. The investment will support the company's strategic initiatives aimed at scaling its platform and increasing its capacity to transform communities through data-driven insights.
The company is focused on scaling its platform to empower a greater number of non-profits and local governments in their efforts to combat blight and support community revitalization. This funding positions City Detect for continued growth as it works to expand its reach and deepen its impact on urban development and community well-being.
