Ketos, a San Francisco, CA-based water intelligence and analytics company, closed a $18m financing round.
The round, which brought total funding raised to date to $30m, was led by Motley Fool Ventures with participation from Citi and Illuminated Funds Group as new investors. They joined existing investors Rethink Impact, Ajax Strategies, Better Ventures, Plum Alley Investments and Broadway Angels.
Launched in 2015 by Meena Sankaran, CEO, Ketos offers a fully integrated, EPA-compliant solution with intelligent hardware, stable connectivity infrastructure, an interactive software platform and actionable data. The solution helps solve critical water efficiency and quality challenges with real-time monitoring, delivering predictive intelligence and mission-critical insights.
The company will use the funding to scale and further advance its patented, proprietary solution which includes a cloud-based software platform and intelligent hardware.
The KETOS machine learning models offer actionable insights by leveraging a comprehensive dataset collected in real-time for parameters like selenium, arsenic, chromium, manganese, iron, nitrates and more. This can be used to predict issues related to chemical treatment, public health, process control, food processing, effluent discharge compliance and more.
FinSMEs
26/10/2020