Apana, a Bellingham, Wash.-based creator of an intelligent water management platform, closed an $11m Series B funding.
The round was led by current investor Kurita Water Industries Ltd., with participation from existing investors Cowles Company, E8 Fund, and Urban Innovation Fund.
The company intends to use the funds for further innovation as well as expansion of sales and marketing efforts.
Led by Matt Rose, co-founder and CEO, Apana provides an IoT powered intelligent water management platform used by Fortune 500 companies, public institutions, and cities to optimize everything that uses water, which prevents equipment failure and avoids costs of reactive maintenance and inconsistent operational practices.
The solution connects meters and sensors around a facility using devices that leverage Low Power Wide Area (LPWA) technologies. With high resolution data and cloud analytics, the system monitors facility water infrastructure to identify anomalous use in real time. Insights and actionable, step-by-step guidance to fix problems are sent to the right person at the right time.
The company has deployed its platform with customers across more than 600 cities globally. In the commercial, industrial, and institutional sectors, Apana focuses on grocery, hospitality, food and beverage, as well as cities and other public institutions.