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Cyvl.ai raised $6M in a funding round led by Companyon Ventures to improve transportation infrastructure with data-driven solutions using sensors and data analytics.

Mar 27, 2024over 1 year ago

Amount Raised

$6 Million

SomervilleInformation Technology

Investors

River Park VenturesLaunch CapitalMass VenturesAlumni VenturesAero X VenturesArgon VenturesCompanyon Ventures

Description

Cyvl.ai, a Boston-area startup, announced a $6-million investment led by Companyon Ventures along with participation from Argon Ventures, AeroX Ventures, and Alumni Ventures. Existing investors MassVentures, Launch Capital, and RiverPark Ventures also participated in the round, bringing the total funding raised to $10 million.

Company Information

Company

Cyvl

Location

444 SOMERVILLE AVE

Somerville, Massachusetts, United States

About

Cyvl.ai is reinventing how governments manage their civil infrastructure. We help communities manage the built environment more effectively and affordably with our vehicle-mounted 3D LiDAR sensors and our proprietary data processing algorithms.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers