RET Ventures
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RET Ventures Leads $7.5 Million Series A in Conservation Labs to Interpret Sound for Water Conservation and Machinery Maintenance
Conservation Labs, an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage, announced that it has raised a $7.5-million Series A funding round. The round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.
To further its mission, Conservation Labs employed its AI platform to develop Sustainable Machines™, a product suite that assesses the condition of machinery. By interpreting a machine’s sound profile, the product delivers operational insights and predictive maintenance recommendations, thereby reducing maintenance costs and extending the machinery’s life. With early adopters of Sustainable Machines™ generating an ROI over 100% through increased maintenance efficiency and improved uptime, the company has already sold nearly 10,000 sensors across the country.