‘Water intelligence’ startup Wint nabs $35M to assist firms discover and cease leaks

Wint, a so-called “water intelligence” firm that claims it makes use of AI to detect and cease leaks, has raised $35 million in a Collection C spherical of funding.

Based out of Israel in 2011, Wint has developed a water administration system comprising AI-enabled software program and related {hardware} that alerts customers when there could also be a leak, with the power to configure the system to mechanically shut down the place the leak is detected. Prospects might embrace anybody from facility managers and building corporations, to information facilities and any enterprise trying to bolster their carbon emission studies with exhausting information.

The corporate claims a powerful roster of shoppers, together with Microsoft, Google, Mastercard, HP, and Dell.

Wint raised a $15 million Collection B spherical of funding simply final yr led by Perception Companions, the New York-based investor that has beforehand backed the likes of Twitter, Tumblr, and Shopify. Perception has returned for the Collection C spherical, which it co-led alongside Czech local weather tech fund Inven Capital. Taronga Ventures additionally participated within the spherical.

The elevate comes amid rising issues round water shortage in lots of areas of the world, an issue that many startups are attempting to unravel with numerous options.

“We’re excited to shut this spherical at a time when water shortage and local weather change have gotten a few of humanity’s biggest challenges, whereas the prices of water leak injury in buildings are reaching unacceptable ranges for insurers, homeowners, builders and contractors,” Wint CEO Alon Geva famous in a press launch.