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Niricson is a technology company.
Niricson has raised $7.6M across 2 funding rounds.
Niricson has raised $7.6M in total across 2 funding rounds.
Niricson is a company focused on making infrastructure safer through advanced technology, including AI and machine learning for condition assessment and risk management.
Niricson is a Canadian technology company specializing in digital infrastructure condition assessment as a service, using AI, drones, robotics, computer vision, and machine learning to detect, quantify, and track defects in dams, bridges, and airfields.[1][2][5] Its core product, the AUTOSPEX AI platform paired with DRONIC drone technology (including a patented concrete sounding hammer), serves asset owners like airports, utilities, and highways authorities, solving the problem of slow, risky, and costly manual inspections by enabling rapid, non-disruptive assessments that reduce maintenance uncertainties and extend asset life.[2][4][5] With headquarters in Victoria, British Columbia, Niricson reports around 45 employees and $9.5 million in revenue, showing strong growth through global contracts with clients such as Vancouver Airport, Bangalore Airport, BC Hydro, WaterNSW, and National Highways UK; the company has doubled in size and quadrupled funding since early projects.[2][4]
Niricson was founded in 2020 by Harsh Rathod (CEO), a civil engineering Ph.D. candidate at the University of Victoria, and Aki Tomita (CTO), a technology veteran with over 30 years of experience at companies like Raychem/Tyco Electronics and Silicon Light Machines.[1] The idea emerged in 2016 when Rathod learned of a deadly bridge collapse on the Mumbai-Goa highway, inspiring him to pivot his doctoral research toward robotics and computer vision for safer infrastructure inspections, replacing outdated manual methods.[1] Early traction came from developing proprietary damage assessment software and drone tech, with pivotal moments including securing Innovative Solutions Canada (ISC) support, major international contracts, and collaborations like the 2023 Arcadis partnership for predictive bridge maintenance.[2][4]
Niricson rides the wave of AI-driven infrastructure digitization, addressing aging global assets amid climate risks, urbanization, and regulatory pressures for predictive maintenance.[3][4] Timing is ideal with drone regulations maturing and AI advancements enabling data fusion at scale, countering market forces like rising repair costs (e.g., reducing premature replacements) and labor shortages in inspections.[1][4] It influences the ecosystem by partnering with giants like Arcadis and utilities, providing real-world data to refine designs, lower environmental impact, and support sustainability goals, positioning Canada as an innovation hub for civil tech exports.[2][4]
Niricson is poised for unicorn-scale growth, targeting $100 million in revenue through expanded predictive deep-learning models for insurers and financiers, more rover/drone deployments, and global contracts.[3][4] Trends like AI risk prediction, regulatory mandates for digital twins, and net-zero infrastructure will accelerate adoption, evolving its role from inspector to full lifecycle manager. As infrastructure demands intensify, Niricson's safer, faster assessments will redefine asset ownership, turning a tragic bridge collapse into a global safety revolution.[1][3]
Niricson has raised $7.6M in total across 2 funding rounds.
Niricson's investors include MUUS Climate Partners, Bentley Systems, Forward VC, Invest Victoria, Techstars, Good Growth Capital.
Niricson has raised $7.6M across 2 funding rounds. Most recently, it raised $7.5M Series A in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 3, 2023 | $7.5M Series A | MUUS Climate Partners | Bentley Systems, Forward VC, Invest Victoria, Techstars |
| Mar 1, 2020 | $120K Seed | Good Growth Capital |