Arkion funding news- Sweden-based Arkion (formerly known as Skyqraft) Secures $4 Million in Funding

Ninety percent of grid faults go unnoticed now, and by 2030, the cost of grid maintenance is expected to surpass $2 trillion in order to maintain present reliability. The comprehensive cloud-based AI platform from Arkion gives grid owners visibility over their physical assets and useful insights.

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The round was led by Subvenio Invest, with participation from many new business angels as well as current investors like Neptunia Invest and Antler. In response to rising demand, the money will be utilised for ongoing product development that will boost market presence and technical scalability.

Oscar Westergård, Partner at Antler: ”Arkion's work is crucial to facilitating energy conversion by providing the electricity grids with the insights needed to maintain and expand their infrastructure.”

About Arkion

Arkion is a software solution driven by artificial intelligence (AI) that converts inspection data, such as thermal, lidar, and picture data, into accurate insights about the state and health of power grids at all voltage levels. Specifically designed to meet the needs of the power grid business, their platform expedites access to this data and insights.