Volta Insite has raised $7 million in early funding, which will help create InsiteAI, a cutting-edge tool set that will revolutionize the monitoring of crucial electrical assets. This is a huge step forward for the electrical asset management sector.
The company did not reveal who the investors in this round were.
The industry’s acknowledgement of Volta Insite’s dedication to leading innovations in this field is demonstrated by the fundraising round’s success.
By providing real-time insights into the condition of electrical assets, InsiteAI goes beyond simple monitoring and opens the door to predictive maintenance. Predictive analytics is enabled by the tool’s ability to continuously monitor and gather data from electrical assets, revolutionizing asset management decision-making procedures. This establishes a new benchmark for the sector and is a major departure from current procedures.
The capacity of InsiteAI to manage several components at once distinguishes it from competitors in the industry. The system is made to cross-reference simultaneous events on different pieces of equipment. Because of this special capability, InsiteAI can isolate and identify problems quickly and precisely, which guarantees that problems inside interconnected assets are found and fixed effectively. Consequently, it lessens the possibility of expensive downtimes brought on by equipment malfunctions.
In addition to founding Atom Power and serving as its CSO, Denis Kouroussis has been the CEO and founder of Volta Energy for more than 14 years. Former positions held by Kouroussis in the technology and mechanical sectors include Senior Methodology Engineer at AMD and Field Applications Engineer at Apache Design Solutions.
Denis Kouroussis, founder and CEO said:
InsiteAI™ is setting a new standard in the industry, offering predictive maintenance and real-time insights that go beyond current building automation solutions that fall short of being able to diagnose electrical issues that can cause downtime and higher operating costs.
