Wint raises $35 million to propel AI-driven leak detection solutions
(UI) — Wint, a 'water intelligence' startup from Israel, has successfully secured $35 million in its recent Series C funding round, according to TechCrunch.
The company, founded in 2011, boasts a cutting-edge water management system that merges AI-driven software with connected hardware to promptly identify and mitigate leaks.
The system offers the option of automatic shutdown upon leak detection. Wint's client base spans various sectors, encompassing facility management, construction, data centers, and enterprises seeking concrete data to reinforce their carbon emission records. Prominent clients include industry giants like Microsoft, Google, Mastercard, HP, and Dell.
Insight Partners, a well-established New York-based investor renowned for backing major players such as Twitter and Shopify, participated in Wint's Series B round last year, contributing $15 million.
Insight Partners has once again joined forces with Czech climate tech fund Inven Capital to co-lead the Series C funding round. Notably, Taronga Ventures also participated.
The funding injection arrives against a backdrop of escalating concerns over global water scarcity, a challenge several startups aim to tackle.
"We’re excited to close this round at a time when water scarcity and climate change are becoming some of humanity’s greatest challenges, while the costs of water leak damage in buildings are reaching unacceptable levels for insurers, owners, developers, and contractors," Alon Geva, CEO of Wint, said in a statement acquired by TechCrunch.
This story was originally published by TechCrunch.
Related News
From Archive
- OSHA issues 16 citations following fatal sewer confined space incident
- 27 pipeline safety violations tied to deadly Pa. chocolate factory explosion
- Contractor gas line strike triggers home explosion in Missouri
- LA recovery reports call for $650 million power line burial, major utility upgrades in Pacific Palisades
- Comprehensive microtrenching FAQ: Key insights on the Vermeer MTR516 microtrencher
- T-Mobile to expand fiber broadband infrastructure footprint with $4.9 billion Metronet acquisition
- First tunnel boring machines complete testing for Hudson Tunnel Project
- NWPX grows water infrastructure portfolio with Colorado precast facility
- Cityside launches $100 million fiber build in Corona, Calif.
- FiberLight to build 1,400-mile West Texas dark fiber network in $350 million expansion
Comments