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Artificial intelligence

Copel Invests in Fu2re, AI Startup, to Enhance Asset Management in the Electricity Sector

Strategic Insights

— 1 min read

As part of its strategy to improve operational efficiency, productivity, and revenue expansion, Copel, a leading utility company in Brazil, has invested R$12.5 million in the AI startup Fu2re, in partnership with Indicator Capital. This investment will enable Fu2re to scale its AI-based solutions for asset management in the electricity sector, further aligning with Copel's digital transformation goals. The initiative is part of the Copel Beyond program, which aims to modernize the company's infrastructure and become a leader in digitalization.

Key Takeaways:

  • Copel invested R$12.5 million in Fu2re, a Brazilian AI startup, through its Corporate Venture Capital fund, Copel Ventures I, and Indicator Capital.
  • The investment aims to scale the development of Fu2re's AI-based solutions, such as SmartVision AI, for asset management in the electricity sector.
  • Fu2re's technology enables mapping of assets, identifies vulnerabilities, and improves inventory management, with productivity gains of approximately 30% in Copel's network inventory.
  • The AI solution can be adapted to new clients through a no-code system, and pre-trained models aid in rapid adoption and integration with corporate databases.
  • The investment supports Copel's digital transformation and aims to enhance the company's operational efficiency, innovation, and sustainability.
  • The investment also contributes to the sustainable modernization of infrastructure (SDG 9.4) and responsible consumption and production (SDG 12.1) as per the United Nations' Sustainable Development Goals.

Statistics:

  • R$12.5 million: the total investment in Fu2re, R$7.5 million from Copel Ventures I and up to R$5 million from Indicator Capital.
  • 680 km: the distance a camera-equipped vehicle covered in conducting a proof-of-concept project, capturing over 1.4 million images.
  • 30%: the estimated productivity gain from the implementation of Fu2re's AI-based solution in Copel's network inventory.
  • 700: the number of participants in Copel's Innovation Week, featuring 20 speakers from top technology companies and innovation companies.
  • R$5 million: the stake invested by Indicator Capital in Fu2re.

Sources:

  • https://www.parana.pr.gov.br/aen/Noticia/Copel-investe-em-startup-de-Inteligencia-Artificial-para-gestao-de-ativos

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