Subeca Raises $6M in Series A Funding

Subeca, a Richardson, Texas-based innovative internet of things (IoT) startup that provides low cost and water technology, raised $6M in Series A funding.

The round was led by SUEZ, a global leader in digital and circular solutions in waste and water services, with participation from Amazon’s Climate Pledge Fund, and Burnt Island Ventures.

The funding will allow the company to rapidly scale to meet market demand for its flagship AMI solutions, particularly in small to medium sized utilities and companies that have been underserved by incumbents.

Led by Patrick Keaney, Chief Executive Officer, Subeca has built a smart water meter register that retrofits onto a majority of existing water meters in under one minute, essentially making dumb meters smart. For water utilities, this reduces the cost of meter reading operations while vastly increasing the amount of available data and insights to the utilities and their customers. Subeca does this via their smart meter register (called PIN) devices that is instantly connected to the AWS cloud via Amazon Sidewalk.

Produced in Richardson, Texas, Subeca’s Blinc IoT module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population, to help customers manage water infrastructure and detect and resolve water leaks.

FinSMEs

20/05/2024