ISAAC, a startup focused on securing buildings and critical infrastructure from earthquakes and vibrations, has completed a €5 million Series A round. Backed by longtime investors 360 Capital and NovaCapital, the startup has obtained the support of CDP Venture Capital SGR, through its Evoluzione and Corporate Partners I compartment InfraTech funds, as the lead investor.
With these resources, ISAAC will consolidate its presence in the building seismic protection market, invest in product development as well as invest in expanding its market by developing new areas of application.
“The resilience they give to buildings is right in the DNA of the extraordinary team of young talents, we are honored to be able to accompany them in this challenge that is protecting buildings, infrastructure, and people,” commented Mario Scuderi and Matteo Pozzi, respectively Evoluzione Fund Manager and InfraTech Sector Manager of CDP Venture Capital SGR’s Corporate Partners I fund.
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What does ISAAC do?
The technology is based on the use of active dampers installed on the building managed by Artificial Intelligence algorithms that therefore do not require invasive structural interventions inside the buildings or infrastructure to be protected.
The startup is determined to continue innovating and providing reliable and effective solutions to ensure structural stability. The ultimate goal is to make buildings and infrastructure safer and more resilient, contributing to the protection of people and assets.
Made in Italy technology
The Made in Italy technology will see its export abroad, helping to spread Italian excellence internationally and bring safety and innovation to other countries as well.
“The ISAAC team has demonstrated not only the ability to develop technology very quickly but to apply it efficiently and effectively in a sector where it is not easy for a small startup to establish itself and break down the many barriers to entry,” Scuderi and Pozzi added.
Carlo Germano Ravina, general manager of Novacapital, commented on ISAAC’s entry into the shareholder base as follows, “For us, the first criterion for selecting an investment is people. We think ISAAC has great potential for development and impact in the area.”
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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