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| WINT Water Intelligence. |
Wint, a company specializing in "water intelligence," has secured $35 million in a Series C funding round. Originating from Israel in 2011, Wint has created a water management solution that combines AI-powered software and connected hardware.
This system is designed to identify and prevent leaks, providing alerts to users about potential leaks and the capability to automatically halt operations if a leak is detected. Wint's customer base encompasses a wide range of industries, from facility management and construction to data centers and enterprises seeking to enhance their environmental sustainability reports with factual information.
The company boasts an impressive array of clients, including prominent names like Microsoft, Google, Mastercard, HP, and Dell.
Cash flow
In the previous year, Wint secured a Series B funding round of $15 million, with leading participation from Insight Partners, a well-known New York-based investor with a history of supporting platforms like Twitter, Tumblr, and Shopify. For the Series C funding round, Insight has once again joined forces, co-leading it with Czech climate technology fund Inven Capital. Additionally, Taronga Ventures also participated in this funding round.
This funding arrives at a time when there are increasing apprehensions about water shortages in numerous global regions, prompting various startups to devise solutions to address this concern.
Wint CEO Alon Geva noted in a press release
“We’re excited to close this round at a time when water scarcity and climate change are becoming some of humanity’s greatest challenges, while the costs of water leak damage in buildings are reaching unacceptable levels for insurers, owners, developers and contractors,”
About Wint:
WINT is committed to aiding businesses in diminishing their ecological impact by mitigating the risks, expenses, inefficiencies, and environmental consequences linked with water leaks and wastage. Leveraging the capabilities of artificial intelligence and Internet of Things (IoT) technology, WINT offers a solution tailored for commercial establishments, construction sites, and industrial manufacturers seeking to curtail water wastage, lower carbon emissions, and avert water leak crises.
WINT's innovative approach has garnered recognition from esteemed sources like Fast Company and CB Insights, positioning it among the globe's most pioneering AI firms. The company has also been honored with several awards, including recognition as a "Next Big Thing in Tech" and the Claims Prevention Technology Award from Insurance Times. For further details about WINT, visit https://wint.ai.