Existing investors of Vialytics give money again

Enbw New Ventures and Statkraft Ventures are stepping up once again. However, the amount of the financing was not initially disclosed.
Vialyticsfirst raised money from its investorsin December, and now venture capitalists Enbw New Ventures (ENV) and Statkraft Ventures are following suit. "vialytics has developed extremely well over the last twelve months," says Steffen Funck from Statkraft Ventures. "We are delighted to be able to support the team in its further scaling." The exact amount remains undisclosed.
Founded in 2017 by Achim Hoth, Patrick Glaser and Danilo Jovicic-Albrecht, the start-up has developed artificial intelligence for the digital management of roads. "Our system helps all local authorities to simplify their day-to-day work, from route control to maintenance management, in order to ensure safe roads and cycle paths - and now increasingly internationally," say the three founders.
The AI is installed via smartphone in municipal vehicles such as refuse collection or street cleaning vehicles. From there, it scans the road and a motion sensor detects vibrations. Vialytics makes the data available to local authorities so that they can make timely repairs and save on costs and damage.

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