Subeca Raises $6M in Series A Funding to Revolutionize Water Technology

Slice of Technology Team

Jul 08, 2024

Key Highlights:

Subeca raises $6M in Series A funding.
Led by SUEZ with participation from Amazon's Climate Pledge Fund and Burnt Island Ventures.
Subeca's smart water meter retrofit reduces costs and increases data availability.
Uses Amazon Sidewalk for instant AWS cloud connectivity.
Targets underserved small to medium-sized utilities in the US.

Source (PR Newswire)

Quotes

“ "The funding will allow Subeca to rapidly scale to meet market demand for our flagship AMI solutions, particularly in small to medium-sized utilities and companies that have been underserved by incumbents." ”

Patrick Keaney, Chief Executive Officer at Subeca

Our Take:

Subeca's recent Series A funding round marks a significant milestone in the IoT and water technology sectors. With leading investors such as SUEZ, Amazon's Climate Pledge Fund, and Burnt Island Ventures backing their innovative approach, Subeca is poised to transform water management for utilities. The company's smart water meter technology, which seamlessly integrates with existing infrastructure and leverages Amazon Sidewalk for connectivity, addresses critical affordability and complexity challenges faced by small to medium-sized utilities. This advancement not only promises enhanced operational efficiency but also fosters a more data-driven approach to water conservation and infrastructure management, aligning with broader sustainability goals. Subeca's inclusion in the ImagineH2O Accelerator further underscores its potential and industry recognition.

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