Thursday July 11, 2019 0 comments
FORT COLLINS -- Red Mountain Scientific (RMS), an image intelligence platform for infrastructure management, announced it raised an additional $500,000 in seed funding led by a select group of private equity investors.
The majority of participants in the round were existing investors and brought the total funding raised by RMS to $1.5 million.
RMS said the new funding will accelerate roll-out of advanced feature enhancements to the company’s product platform and extend its capabilities of delivering maximum value to telecommunication carriers, tower ownership groups, and engineering firms that RMS serves throughout the wireless infrastructure industry.
“We have been able to leverage the latest technology to make the acquisition of image data easier, the visualization more insightful, and the utilization of field and in-house engineering resources more effective,” said Mike Moses, RMS CEO and founder.
“We’re extremely fortunate to have a robust and talented team that’s relentless in applying AI, image analytics, and visualization tools to our software. They’ve created an unparalleled user experience for the management of wireless infrastructure assets.”
RMS initially entered the market with Skyli, an app that automates drone flights for inspection of cell tower assets. RMS then launched Summit, a cloud-hosted, end-to-end tower management solution for image annotation, visualization, and reporting.
Red Mountain Scientific was founded in February 2017 as a client company of Innosphere, the premier science and technology incubator in Colorado.
RMS has clients and partners across the entire wireless industry landscape, including: telecommunication carriers; tower ownership groups; and engineering firms. RMS is active in the National Association of Tower Erectors (NATE), the Telecommunications Industry Association (TIA), and is a founding member of the Colorado AI Initiative.