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Wednesday, December 07, 2022

Globant continues to bet on Uli, a leading startup in technology and sustainability

UALI, the tech startup that seeks to keep up with the transformation of the energy sector created by Diego Montesano and Ian Bogado, has received a $1.6 million seed round of investment from various funds, including Globant and private funds. The company’s current valuation is $13.5 million, an increase of 250% from the previous year.

Uali is a startup that provides a unique and disruptive solution through the use of 3 technologies (Robotics, Artificial Intelligence and IoT). It provides preventive and predictive analysis to help the energy industry transition to a sustainable future. The company, based in Spain, Argentina and the UK, has announced that the investment will be used for internal development and market expansion.

The startup, which was recently awarded first place in the G20 innovation competition in Indonesia, today has more than 40 partners and this capital inflow allows them to double their workforce and provide services in places such as Bolivia, Peru, Mexico and the Middle East. will allow to start providing.

Ian Bogado, co-founder of Uli, explained that “Uli is a startup with exponential growth potential that has tripled its initial valuation in a context where startups are rapidly declining or disappearing. That’s because we provide leading solutions in the energy sector; a high-value industry that is heavily invested in its future and the transformation of its business core”.

Uli was born in 2018, thanks to the initiative and talent of two Argentine entrepreneurs: Diego Montesano and Ian Bogado, who have developed a unique and differentiated proposition for the energy world that favors decision-making in the care of the future. wants to hope. Property. Most prized in the industry. The ULI service is implemented quickly and allows monitoring of information in real time.

In 2019 they landed in Spain and in 2020 they took their first steps in the United Kingdom, the latter currently working on an innovative renewable energy project with wind turbines for the most important aerospace hub in the British country.

In 2021, thanks to Globant’s first investment, they expand internally and begin working for larger companies in the region. Today, its main customers include global energy companies such as Shell, Total, Pai, Repsol and PlusPetrol.

Uli represents a revolution in the energy sector for Spanish companies as it facilitates a flexible operation with the transition to the energy industry, reduces time at a low cost, provides valuable data that turns into accurate information. It consists of requirements segmented by problem type and with visualization in a simple and easy to use visualization platform. In this way, the energy industry relies on Uli to be able to understand where the weakest points of its plants are, such as: spills, leaks, repairs, etc., and the costs, fines and above all, act quickly and accordingly. . By reducing these problems, it has a positive impact on the environment.

Uli captures and stores the largest amount of data in a variety of formats to be able to feed its artificial intelligence models, and thus be able to deliver results that add value to each industry’s business with greater accuracy. . Possible input data can be video-4k, high definition-image-RGB, photogrammetry, orthomosic, thermal-etc, which ends up in information ready for analysis for quick decision making. Monitoring in a preventive and predictive format avoids both economic losses and environmental repairs, which in most cases are irreversible.

Its main customers belong to the first link in the sector that contributes the most to greenhouse gas (GHG) emissions worldwide (73%). This has beneficial effects in providing a service that makes certain types of industries, such as gas and oil, more efficient, and improving the competitiveness of those that come with the energy transition: renewable energy. In the context of urgency with specific global objectives regarding GHG emission reduction and reversal, ULI proposes a clear, agile and scalable solution for this sector, providing quality data and quick implementation operations.

Reducing greenhouse gas emissions in the energy sector requires urgent action on a global scale, and this is where Uli comes in. And while a global energy transition is already underway, more action is needed to reduce carbon emissions and mitigate the effects of climate change. Uli thus comes to clear the future by making it cleaner and more sustainable with an innovative, concrete and executable proposal for an important sector in everyone’s life like energy. For him and for the planet we live on.

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