Novel technology enables true asset intelligence at scale for critical public infrastructure
San Francisco, San Diego, and Orlando, Florida, February 27, 2024–(BUSINESS WIRE)–Looq AI is a breakthrough AI-enabled digital twin technology that is a one-stop solution for surveyors, engineers, contractors, and asset owners to digitally map infrastructure in the physical world. announced the launch of the Looq platform. This will help us build and sustain a safer, more sustainable and more electrified future. Leveraging novel and fundamental computer vision and AI technology, his Looq platform enables critical infrastructure to be digitized frequently and at scale to achieve true asset intelligence. Founded in 2021, Looq AI is a hardware-enabled AI company focused on accelerating critical infrastructure digitization and diagnostics. Looq founder and scientist uses AI-enabled workflows to cost-effectively take his survey-grade 3D captures at scale and produce intelligent, geometrically accurate, georeferenced digital twins We have developed new camera AI technology that simplifies the process.
The utility sector faces unprecedented pressure to maintain, expand, and improve the power grid. Whether it’s inspecting existing assets, developing new structures, or remediating disaster-stricken areas, organizations urgently need timely, accurate information to drive critical decisions and operations. These design, construction, and operations efforts constitute large, complex projects that require careful planning by multiple agencies to ensure safe, timely, and budget-friendly execution. A single mistake can create a dangerous situation and cost millions of dollars.
To meet these challenges, organizations need digital twins that are intelligent, collaborative, and accurate. However, widespread adoption of digital twins and the ecosystem that supports them is difficult due to the high cost and time and resource burden required to obtain large datasets at the time frequency required for effective decision-making. is hindered by. “We have developed a fundamentally different way to create these accurate digital twins, leveraging cameras instead of lasers,” said Dr. Mayer, CEO of Looq AI. Masu. “Our cameras offer more than 100 times higher spatial sampling rates compared to top-of-the-line laser systems, allowing our customers to capture the data they need within minutes and at a scale not previously possible. It will be.”
Amanda Jones said: “Using this technology is a game changer for us. It gives us the opportunity to collect large amounts of survey-grade data without using drones or spending hours in the field. ”. Owner of PLS, AJS.
The Looq platform is a deep technology stack that assembles end-to-end solutions to digitize the built world. Looq’s unique “Q” camera system allows data to be captured within minutes on site. The data is processed with his Looq AI-based image modeling software on the cloud, creating georeferenced 3D digital twins and topographic maps with survey-grade accuracy. Semantic information in AI.
“It’s been a while since we’ve been this excited about new 3D capture technology,” said Kevin Glover, Advanced Technology Leader, McElhanney Ltd. “Looq is going to disrupt the industry and we are excited to be one of their early partners in McElhaney, Canada.”
Using the Looq platform, project teams can now manipulate digital twin models and AI-generated information to complete numerous engineering, surveying, analysis, and coordination tasks. This reduces your final operating costs and, importantly, gives you access to the complete information you need to make critical decisions.
“The Looq platform has become an essential engineering tool in our defensive toolkit. Its unique hardware and breakthrough back-end processing allow our design team to We now have a very detailed and accurate picture of the situation on the ground,” said Blake Darling. , PE, PMP, Aquawolf Engineering Underground Program Director. “At every stage of design, the platform allows us to quickly and reliably fill holes in existing survey basemaps with rich data, allowing us to move forward with our designs while waiting for traditional land surveys. Looq was a key component in helping sustain Aquawolf.” Looq has a reputation for agility and quality engineering and design in the underground utility industry. ”
Fundraising activities
Looq AI has successfully secured $2.6 million in preferred series seed funding led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, with participation from Longley Capital and Spatial Capital. Together with the first pre-seed round, Looq AI has raised a total of $3.75 million to date.
“We are grateful to have the backing of some of the world’s most forward-looking investors in applied AI, which is exactly where Looq is focused,” said Meyer. “The addition of BootstrapLabs, Longley Capital and Spatial Capital to our investor base will accelerate Looq AI to its next phase of growth.”
“Looq’s products not only combine the latest advances in hardware, AI and computing technology, but also accelerate the world’s digitization itself, giving the company a unique treasure trove of data on which to build its AI moat. It’s remarkable in that it generates.” Benjamin Levy, co-founder and general partner at BootstrapLabs.
image: Looq AI-Capture-Pole.JPG
Caption: Capture of a power distribution pole by the Looq Q camera, an imaging component of the Looq platform. High data quality allows you to update asset management databases, complete complex engineering tasks such as polar load analysis and phase tracking, and create reliable survey-provable as-built records with a single Looq survey. Image provided by: Look AI.
About Looq AI
Founded in 2021, Looq AI is an investigative technology platform company focused on accelerating the digitalization and analytics of critical infrastructure. The Looq platform enables rapid and scalable 3D capture of survey-grade information across engineering and public works projects to improve decision-making and operational efficiency. For more information, please visit www.looq.ai.
About Bootstrap Labs
Founded in 2008, BootstrapLabs is a leading AI-focused venture capital firm based in San Francisco. BootstrapLabs was one of the first U.S. venture capital firms to invest exclusively in AI-first startups more than eight years ago, and has since made more than 70 investments in more than 30 portfolio companies to transform the future of work, We have solved some of the most valuable problems in verticals such as mobility. , health, digital infrastructure, financial infrastructure, climate and energy, national security and more. For more information, please visit www.bootstraplabs.com.
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contact address
Christine Byrne – Looq AI
+1 888-209-4958
prnews@looq.ai
