Top Investors Back Technology Innovator Tackling the World’s Water Challenges
San Francisco, CA (GLOBE NEWSWIRE) - KETOS, a water intelligence innovator, today announced it has closed a $9 million Series A round of financing from a powerful collection of traditional venture capitalists, impact investors and industry leaders. New investors Broadway Angels and Plum Alley Ventures, as well as strategic angels from water.org, the semiconductor industry and an investor represented by Energy Innovation joined existing investors Rethink Impact and Better Ventures in the round. Offering the first comprehensive water intelligence platform, KETOS will use the funding to expand its team and drive the emergence of a new era of water efficiency and safety.
“Clean, safe water is essential. However, a host of activities—including fracking, mining, landfills, pollution, runoff, excess pesticides and fertilizers—are potential dangers to our water resources. Leapfrogging the incomplete and fragmented water testing and monitoring technologies of the past, KETOS will help ensure we can meet water safety needs and standards,” stated Hal Harvey, CEO of Energy Innovation, an energy and environmental policy firm.
Led by CEO Meena Sankaran, an accomplished technology executive and business leader, KETOS is building a safer, more efficient water management system by delivering actionable, real-time water monitoring and analytics. With this funding, KETOS will accelerate global market penetration of its award-winning, patented sensors and machine-learning analytics platform purpose-built for mission-critical applications across water-intensive sectors.
“Water is both the most powerful and most important compound on earth, and access to clean water is fundamental to health, education and economic development,” stated Tony Stayner, an active investor in clean water initiatives and Pacific Institute and Water.org Board Member. “Bringing novel scientific and technological advances into every pipe and grid within our evolving water infrastructure, KETOS is the future of a clean, sustainable global water system.”
KETOS offers the first fully comprehensive smart water management platform:
The KETOS water intelligence platform can detect 20+ parameters as direct measurements at precision levels expected in labs and has analyzed over one million water quality tests across more than one million gallons of water with 130+ deployments in India, Mexico and the United States. KETOS empowers its users to improve water management and take action in real time to reduce costs, minimize leaks and ensure water quality. In initial deployments, KETOS drastically reduced water-testing costs – saving millions of dollars per water treatment plant and reducing the cost of water sample testing by 90 percent – while providing accurate, real-time monitoring for lead, copper, nitrates, arsenic, chlorine, and more.
“The first step is to measure and understand what is actually in our water at any given moment – it might sound simple, but it is incredibly challenging, and water testing solutions have been unable to give the full picture for decades,” noted Sankaran. “Water intelligence that immediately reveals the presence of hazardous toxins, delivers actionable warnings for live decision making while providing proactive metrics and insights is the foundation for smart water management. Our secure cloud-based solution empowers our customers, from industrial and agriculture to civic and commercial, with the water data they need to effectively measure, control and optimize our most precious resource … water.”
Energy Innovation’s Veery Maxwell will join Rethink Impact’s Heidi Patel on the KETOS Board to help the company aggressively scale.
“Breakthroughs in data analytics and remote sensor technologies allow us to reimagine how to manage, protect and treat our water supply,” added Patel, Partner at Rethink Impact. “KETOS will reshape the global water supply as it increases efficiencies, reduces risk and improves sustainability—providing incredible benefits for its commercial customers and the planet.”
KETOS serves an array of industrial and agricultural enterprises, commercial businesses, and institutions for which water plays a critical role. Learn more about KETOS and its effective smart water management solutions here.
KETOS provides the tools and insights needed to optimize water usage, ensure resource efficiency and provide water safety assurance – all via affordable and accessible tools. Its innovative, patented hardware and intelligent, interactive software fabric provides predictive and actionable metrics through data analytics – delivering the water intelligence needed for smart irrigation, industries and cities. Learn more at www.ketos.co.
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SOURCE: Ketos, Inc.