Rachio Closes $10M Series B Funding Round

Rachio, a Denver, CO-based smart sprinkler company delivering technology to improve residential irrigation efficiency, raised a $10M Series B funding round.

The round was led by Eastside Partners and Bonaventure Capital, with participation from the Amazon Alexa Fund.

Led by Chris Klein, CEO and Co-Founder, Rachio develops smart home irrigation controllers. The company has also announced the release of the Rachio 3 Smart Sprinkler Controller and Rachio 3 Wireless Flow Meter to its water management product lineup.
The Rachio 3 Smart Watering Controller features easy installation, 2.4 and 5 GHz wireless compatibility, enhanced weather data with Weather Intelligenceā„¢ Plus, and a new long-range radio to connect with a residential wireless flow meter. The Rachio Wireless Flow Meter uses patented Vortex technology to get accurate readings of water flow. The Rachio app alerts homeowners when leaks are detected, and the Flow Meter automatically shuts down water supply, protecting against landscape damage and flooding.

FinSMEs

20/03/2018

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