Funding

[Funding alert] AI-based Platform Infrared City Raises €1M Pre-Seed Funding

Oct 10, 2023 | By Startup Rise EU

Infrared City, an AI platform, secures €1 million in pre-seed funding. 2bX, Heartfelt, Antler, and P3A Ventures all took part in the financing round, which was spearheaded by xista Science Ventures. The company intends to employ the money to improve its technology and expand its engineering staff.
Angelos Chronis - Co-Founder and CEO 

Infrared City, an AI platform, secures €1 million in pre-seed funding. 2bX, Heartfelt, Antler, and P3A Ventures all took part in the financing round, which was spearheaded by xista Science Ventures. The company intends to employ the money to improve its technology and expand its engineering staff.

It has created an AI-based simulation platform for smart and resilient climate-aware design. At every stage of the process, it immediately and constantly calculates the impact of users' decisions regarding design.

Read also - Valencia-based HUNTY Secures €1.2 million in Funding

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Angelos Chronis, Co-Founder and CEO of Infrared City, "This substantial investment will fuel our mission to transform simulation in the architecture engineering and construction industry. Using infrared, designers, planners, developers and policy makers can interact with environmental data and receive real-time feedback on their design decisions' impact. Finally, they will have a new tool at hand that allows them unprecedented continuous environmental suitability insights. By providing instant environmental simulation capability to all AEC professionals, we finally remove the specialisation barrier to a more resilient built space."

Dr. Bernhard Petermeier from xista science ventures shared, "We are impressed by the groundbreaking technology and vision of Infrared City GmbH. Their innovative approach to harness AI to instantly predict simulation results in seconds instead of days is a real game changer for the industry. I’m eager to see the effects Infrared City will have in the future on the very urban environment we experience every day."

Real-time feedback is given on key environmental design standards such wind speed and comfort, solar radiation, and the accessibility of sunshine.

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The technology has the potential to offer the essential perspectives for a critical rethinking of planning and designing cities toward climate-resilient neighborhoods.

About Infrared City

A platform for intelligent and resilient construction, Infrared City uses AI to fuel its operations. For all parties involved with the built environment, we offer access to and an understanding of complex environmental models. Our cutting-edge machine learning models give immediate insight on how well design ideas are working and can direct climate-aware choices at every stage of the procedure.

Read also - Italian Aquaponic firm The Circle Raises €2.1M in Funding

Currently, Infrared City offers input on the effectiveness of the sun, the sun, and the wind. Visit www.infrared.city for more information.

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