Company Overview
Snapshot
Founded in February 2019 by Natalia Zaborov and Eli Kovler, RAPIDA operates with 11–50 employees. The company has secured funding across three rounds and received a grant, with its most recent funding round closing in March 2024. RAPIDA also expanded its partnership with Mekorot in December 2023, integrating its AI-driven infrastructure monitoring technology into hundreds of water reservoirs.
Business overview
RAPIDA develops advanced technologies for the inspection and maintenance of civil infrastructure, focusing on structural health. Its core product, Asset-Space, is a cloud-based platform that utilizes AI-driven machine learning and computer vision algorithms to assess the condition of aging and newly built assets. By integrating data from various sources, Asset-Space provides a comprehensive digital inspection process, enabling engineers to plan targeted and cost-effective maintenance. The company serves the construction, development, and water utilities sectors within the broader industrial technologies market.
Strategic signal
In December 2023, RAPIDA significantly expanded its partnership with Mekorot, Israel's largest water company, to integrate its AI-driven technology into hundreds of concrete water reservoirs. This expansion, following a successful initial implementation, signals strong commercial validation and a clear growth trajectory for RAPIDA's infrastructure monitoring solutions within the utilities sector. The continued investment from Mekorot underscores the effectiveness and scalability of RAPIDA's technology in enhancing maintenance efficiency and improving critical infrastructure resilience.
Log in to access full profile ›Company Intelligence Q&A
- What is RAPIDA's core technology?
- RAPIDA's core technology involves a cloud-based platform called Asset-Space, which uses AI-driven machine learning and computer vision algorithms to assess the structural health of civil infrastructure assets.
- When was RAPIDA founded and by whom?
- RAPIDA was founded in February 2019 by Natalia Zaborov and Eli Kovler.
- What was a significant partnership expansion for RAPIDA?
- In December 2023, RAPIDA expanded its partnership with Mekorot, Israel's largest water company, to integrate its technology into hundreds of concrete water reservoirs, enhancing maintenance efficiency.
- Has RAPIDA participated in any accelerator programs?
- RAPIDA has graduated from several accelerator programs, including Proptech Zone in November 2020, Microsoft for Startups, NVIDIA Inception, HiCenter Ventures, Access Construction Innovation Hub, and Road2.
- When did RAPIDA last secure funding?
- RAPIDA secured a Seed funding round in March 2024, with Shapir Civil and Marine Engineering as an investor.