VAPAR raises $700K in seed funding to accelerate growth - Which-50

VAPAR an Australian startup in the Internet of Things arena which utilises artificial intelligence (AI) and machine learning (ML) to automate condition assessments for stormwater and sewerage pipelines, has raised $AU700,000 in seed funding. The funding round closed with a diverse range of angel investors in addition to Startmate and Australia's premier VC, Blackbird Ventures, who are also investors in Canva, SafetyCulture, and Culture Amp. The company, which began two years ago started says it aims to bring emerging technology into the traditional asset management space and revolutionise the way infrastructure is tracked, repaired and maintained. Co-founders Amanda Siqueira, CEO, and Michelle Aguilar, CTO, said they started the business after witnessing first-hand the tedious and time-consuming tasks of manual video inspection. Their software is used by water utilities and local councils to reduce the time needed for inspection reviews.