“Water intelligence startup Wint secures $35 million in funding to help businesses detect and prevent water leaks.”
A "Water Intelligence" Company Making Waves with AI-Powered Leak Detection
Wint, a pioneering company in the field of water intelligence, has secured $35 million in a Series C round of funding. This significant investment will enable Wint to further develop its innovative water management system, which leverages artificial intelligence (AI) to detect and prevent leaks.
Founding and Development
Founded in Israel in 2011, Wint has been at the forefront of the water intelligence industry for over a decade. The company’s flagship product is an AI-enabled water management system that comprises connected hardware and software. This cutting-edge technology alerts users when potential leaks are detected, allowing them to take prompt action to prevent damage.
Key Features of Wint’s Water Management System
- AI-powered leak detection: Wint’s system uses machine learning algorithms to identify potential leaks in real-time.
- Automated shut-off: The system can be configured to automatically shut down water supply where a leak is detected, minimizing damage and reducing costs.
- Customizable alerts: Users receive notifications when a potential issue arises, allowing them to take swift action.
Impressive Client Roster
Wint boasts an impressive client roster, including some of the world’s leading companies. These clients include:
- Microsoft
- Mastercard
- HP
- Dell
Why Wint’s Clients Choose Them
- Reduced water waste: Wint’s system helps clients minimize water consumption and reduce their environmental impact.
- Cost savings: By detecting leaks early, clients can avoid costly repairs and maintenance.
- Enhanced sustainability reports: With accurate data on water usage, clients can create more reliable and transparent sustainability reports.
Growing Concerns about Water Scarcity
The recent funding round comes at a time when water scarcity is becoming an increasingly pressing concern globally. Many regions are struggling to cope with droughts, and the need for innovative solutions has never been greater.
Wint’s Response to Water Scarcity
- Scaling up production: With the new funding, Wint will be able to scale up its production and meet growing demand from clients worldwide.
- Continued R&D: The company will continue to invest in research and development to improve its water management system and address emerging challenges.
Insight Partners Leads Series C Round
The $35 million Series C round was led by Insight Partners, a New York-based investor with a proven track record of backing successful startups. Inven Capital, a Czech climate tech fund, also participated in the funding round.
Why Insight Partners Chose Wint
- Potential for growth: Insight Partners saw significant potential for growth and expansion in the water intelligence market.
- Innovative technology: The investor was impressed by Wint’s innovative approach to water management and its commitment to sustainability.
Wint CEO Alon Geva on the Funding Round
"We’re excited to close this round at a time when water scarcity and climate change are becoming some of humanity’s greatest challenges," said Alon Geva, Wint CEO. "The costs of water leak damage in buildings are reaching unacceptable levels for insurers, owners, developers, and contractors."
What’s Next for Wint?
With the new funding, Wint is poised to continue its growth trajectory and make a significant impact on the water intelligence market.
About Wint
Wint is a pioneering company that’s changing the way we manage water. With its innovative AI-powered system, the company is helping clients reduce water waste, save costs, and enhance their sustainability reports.
Learn More About Wint
To learn more about Wint and its cutting-edge water management system, visit www.wint.com.
