OptiRTC, Inc., a Boston, MA-based provider of solution that directly monitors and controls stormwater infrastructure in real-time, closed on $5.5M in equity funding.
The round was led by Ecosystem Integrity Fund (EIF) with participation from existing investors MissionPoint Partners, the Renewal Funds, the Massachusetts Clean Energy Center, and Geosyntec Consultants.
The company intends to use the funds to scale operations and expand sales and marketing to accelerate its growth at the watershed level within existing and new sites across the country.
Led by Marcus Quigley, CEO, Opti provides a cloud-based platform that focuses on the continuous monitoring and adaptive control of distributed stormwater infrastructure. The software combines sensor data, weather forecasts, and proprietary algorithms to optimize stormwater infrastructure through active, cloud-based control. To date, the company has deployed more than 130 commercial and public projects across 21 states.
Customers include the Philadelphia Water Department, Nestlé Waters North America, New York City Department of Environmental Protection, Washington D.C. Department of Energy and Environment, and the Metropolitan Water Reclamation District of Greater Chicago.