Zurich, Switzerland – June 9, 2026 – Emerald Technology Ventures (“Emerald”), a global venture capital firm focused on industrial innovation, has announced the successful exit of its investment in SewerAI, the AI-powered platform transforming how utilities and infrastructure operators inspect, assess, and rehabilitate underground infrastructure.
The announcement follows SewerAI’s recently disclosed strategic investment led by JMI Equity, marking a major milestone in the company’s growth and the increasing adoption of AI-driven infrastructure intelligence across North America. Details of the transaction were not disclosed.
Emerald first invested in SewerAI in 2022, recognizing the company’s potential to modernize one of the world’s most overlooked yet essential infrastructure systems. Since then, SewerAI has grown into an infrastructure leader, helping more than 2,000 cities and infrastructure organizations manage aging sewer networks more efficiently through AI-powered inspection, risk assessment, and rehabilitation planning.
As municipalities across North America confront aging underground infrastructure, labor shortages, rising regulatory pressure, and growing climate resilience demands, SewerAI’s platform has enabled utilities and engineering firms to transition from manual, fragmented workflows to faster, data-driven infrastructure management at scale.
“With two decades of backing digital innovation in pipe and sewer infrastructure, SewerAI stood out as a company capable of redefining how critical assets are managed,” said Dr. Helge Daebel, Partner at Emerald and exiting SewerAI board member. “Matt, Billy, and the entire team combined deep infrastructure expertise with AI long before the market fully appreciated how transformative that combination would become. We’re convinced the partnership with the new investors will bring SewerAI to new levels of category-defining success.”
The investment exemplifies Emerald’s strategy of identifying and scaling breakthrough technologies that strengthen industrial productivity, resource efficiency, and infrastructure resilience. SewerAI represents a new generation of AI-enabled industrial software companies addressing large, underserved infrastructure markets with measurable operational and societal impact.
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