AssetCore: AI Driven Asset management

Every utility is under pressure to improve reliability, reduce costs, and modernize operations — but where do you start with AI? Managing complex infrastructure, aging assets, and field workflows requires more than isolated tools. It requires an end-to-end, AI-native solution. AssetCore provides a unified platform that enables utilities to monitor assets, automate workflows, and apply predictive intelligence at scale, helping gas, water, and power providers operate more efficiently and proactively.

The company

AssetCore was founded by Peter Dunn and Pavan Mungara. Peter had previously founded ServiceLink; a company building workforce management software for utilities. Service-Link had successfully exited to Constellation’s Harris operating group. Now Peter and Pavan, a key Service-Link employee, were ready to build a new company.

AssetCore is an asset manager for utilities, allowing gas, water and hydro providers to manage their infrastructure and workflows. AssetCore is AI-native with key Ai features being built from the ground-up AssetCore will allow for automated monitoring of complex workflows, predictive maintenance to prevent equipment breakdowns and provide an intelligent AI assistant to help utilities manage their assets.

The benefits for AssetCore working with VMS Ventures:

With the VMS Fund, AssetCore receives:

• An immediate cash injection to build out the product and sign trial customers, with additional funding rounds possible in the future. Unlike many VC investors, VMS ventures is happy to support a pre-revenue start-up.
• Direct commercial assistance from Harris’ extensive portfolio of software companies in the Utility vertical. Integrating AssetCore with Harris’ existing software to increase the functionality of both provides huge benefits to AssetCore, Harris and its customers.
• Access to multiple funding rounds to support additional growth investments, acquisitions and any other capital needs that may materialize in the future.

Next Steps

With the investment from Volaris and VMS Ventures, AssetCore’s first target is to complete an MVP and test it in a real customer setting.