The funding round was co-led by Insight Partners and Czech climate tech fund Inven Capital, with participation from Taronga Ventures. This comes amid increasing concerns about water scarcity worldwide. Wint CEO Alon Geva highlighted the importance of addressing water scarcity and climate change, as well as the rising costs of water leak damage in buildings.
Key takeaways:
- Water intelligence company, Wint, has raised $35 million in a Series C funding round. The company uses AI to detect and stop water leaks.
- Wint's system includes AI-enabled software and connected hardware that can alert users to potential leaks and can be configured to automatically shut down where a leak is detected.
- The company has a number of high-profile clients, including Microsoft, Google, Mastercard, HP, and Dell.
- The funding round comes as concerns grow about water scarcity worldwide, and as the cost of water leak damage in buildings becomes increasingly problematic for insurers, owners, developers, and contractors.