Aquarius Spectrum, a Netanya, Israel-based startup specializing in automatic monitoring and leak detection solutions in urban water networks, raised $2.2m in Series A round of funding.
Hutchison Water International Holdings Pte. Limited, a member of CK Hutchison Holdings Ltd., made the investment.
The company, which has graduated from the Hutchison-Kinrot Technology Incubator, intends to use the funds to advance technology and products.
Established in 2009 by David Solomon and led by Zeev Efrat, CEO, Aquarius Spectrum has advanced an integrated system comprised of sensors and software that provides daily monitoring of the water pipe condition and alerts when leaks first start to develop. its solutions include: AQS-SYS, a fixed solution for daily pipe monitoring and iQuarius™, a mobile system for leak surveying and pinpointing that connects to a smartphone.
To date, more than 2,000 of the company’s sensors are operating in 4 cities, including Jerusalem, monitoring over 1,000km (620 miles) of water pipes daily. Aquarius employs 18 people.