- Water intelligence and analytics innovator KETOS announced it has raised $18 million in funding. These are the details.
Water intelligence and analytics innovator KETOS announced it has raised $18 million in funding. This round of funding was led by Motley Fool Ventures with participation from Citi and Illuminated Funds Group as new investors. And they are joining existing investors Rethink Impact, Ajax Strategies, Better Ventures, Plum Alley Investments, and Broadway Angels – who all participated with their continued endorsement of KETOS’ robust progress and market traction. Including this round of funding, KETOS’ total funding to $30 million since the company’s launch in 2015.
There is a need for increased Industry automation and data-driven decision making across water-intensive sectors. And KETOS offers a fully integrated and EPA-compliant solution with intelligent hardware, stable connectivity infrastructure, an interactive software platform, and actionable data. And the holistic solution helps solve critical water efficiency and quality challenges with real-time monitoring, delivering predictive intelligence, and mission-critical insights — which is further amplified due to the pandemic.
KETOS plans to use the funding to scale and further advance its patented and proprietary solution which includes a robust cloud-based software platform and intelligent hardware (assembled and manufactured in the U.S.)
The KETOS machine learning models offer actionable insights by utilizing a comprehensive dataset collected in real-time with precision, sensitivity, specificity, and accuracy for parameters like selenium, arsenic, chromium, manganese, iron, nitrates, etc. And this can be used for transforming operations to predict issues related to chemical treatment, public health, process control, food processing, effluent discharge compliance, etc.
Avantika Daing, Partner & Managing Director, Plum Alley Investments said that KETOS is a must-have essential technology addressing situational markets.
KEY QUOTES:
“Creating one of the largest centralized data lakes of water quality insights — with information on heavy-metal toxins, coupled with location-based mapping and potential contamination sources — the potential for what machine learning and artificial intelligence can achieve is limitless. KETOS can potentially prevent a disease outbreak or provide citizens visibility on a global scale, which could impact their own public health.”
— Meena Sankaran, KETOS Founder and CEO
“KETOS is truly disrupting the water intelligence industry with the data it captures autonomously (remotely controlled) and makes available to its customers for forecasting water management issues, which is even more top of mind as the world battles COVID. For the first time, it is possible to use predictive modeling and much needed mission-critical insights with $0 capital infrastructure investments, to build, take action and make informed decisions about a water network.”
— Ollen Douglass, Managing Director of Motley Fool Ventures
“KETOS enables large commercial and industrial clients, now including vertical farms, to make more proactive and informed decisions about their water-intensive operations. By addressing both water usage and water safety at increasing scale, Ketos is creating a positive impact for businesses and the planet.”
— Heidi Patel, Managing Partner of Rethink Impact
“KETOS is leading the digital transformation needed for analyzing intelligent water data, which is necessary for smart irrigation, industries and cities. Through the Citi Impact Fund, we’re proud to support the major steps KETOS is making to address today’s global water management issues head on and we believe it is a solution that will preserve water as a resource for generations to come.”
— Jeff Meyers, Director at Citi
