Fracta
Predict water main failures, leverage various failure scenarios, plan budgets and reduce water utility risk.
Predict water main failures, leverage various failure scenarios, plan budgets and reduce water utility risk.
Fracta is an analytics startup based in the United States, founded in 2015, with a focus on water infrastructure. The company's slogan "Predict water main failures, leverage various failure scenarios, plan budgets and reduce water utility risk" reflects its core mission. Fracta utilizes Artificial Intelligence to assess the condition of drinking water distribution mains, enabling the calculation and visualization of the Likelihood of Failure (LOF) for every water main pipe segment. This LOF score represents the mathematical probability of pipe failure, allowing utilities to make informed decisions regarding pipe replacement. The company's data-driven approach is not only fast and accurate, but also affordable. Fracta received a significant $5.00M in Venture Round investment on 11 October 2017. With its innovative AI technology and focus on addressing critical issues in water infrastructure, Fracta presents an exciting opportunity in the realm of utility risk management and predictive maintenance.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $5.00M | - | 11 Oct 2017 |
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