vialytics secures funding from Statkraft Ventures and EnBW New Ventures.

vialytics, a Stuttgart, Germany-based SAAS developer for roads safety, announced that it completed a capital raise invetsment round.

The money was raised from investors including Statkraft Ventures and EnBW New Ventures. Proceeds will be used for growing the company's operations.

vialytics, founded in 2017 by Achim Hoth, Patrick Glaser and Danilo Jovicic, developed an AI-based software tool that automatically records and evaluates the condition of the road infrastructure. The company works with  the road maintenance management of municipalities, counties and infrastructure operators and  uses data data provided by municipal vehicles, such as garbage trucks.