Gradiant Raises Over $100M in Series C Funding


Gradiant, a Boston MA-based provider of end-to-end cleantech water treatment solutions and projects developer, raised over $100M in Series C funding.

The round, which brought total funding to date to over $200m, was led by Warburg Pincus and Schlumberger New Energy.

The company intends to use the funds to further expand into strategic markets and industries, finance the equity contribution into new project assets, accelerate the deployment of its innovation and technology offerings, and strategically acquire complementary and synergistic companies in cleantech water and sustainability.

Founded at the Massachusetts Institute of Technology (MIT) and led by Anurag Bajpayee, CEO, Gradiant develops and delivers advanced water and wastewater treatment facilities around the world, with a primary focus on Asia Pacific region for global brand owners and manufacturers with mission-critical needs in cleantech water and sustainable operations. The company offers a broad portfolio of proprietary and patented technologies and services for end-to-end cleantech solutions that focus on water reuse, resource recovery, brine concentration for minimum and zero liquid discharge (MLD / ZLD), and digital solutions for plant performance optimization.

The company serves its clients around the world from its corporate headquarters in Boston, Massachusetts, USA, regional headquarters and R&D center in Singapore, and its subsidiaries Gradiant India (Chennai), Gradiant China (Shanghai, Ningbo), Sigma Water (Malaysia), Gradiant Australia (Sydney), Gradiant Energy Services (Houston and Midland, Texas, USA) and Gradiant Middle East (Saudi Arabia).

Gradiant plans to grow its business in key sectors such as food and beverage, microelectronics, pharmaceuticals, and mining, from its already established geographies in the Asia Pacific, the United States, and the Middle East.