KETOS, a leading water intelligence company, announced it has closed on $10 million in additional equity financing. The funding round was led by Tenfore Holdings, with participation from the national security-focused VC firm Danu Venture Group. And they join existing investors Broadway Angels, Plum Alley Ventures, Plug and Play Ventures, and Accenture, which serves as both an investor and strategic resale partner.
KETOS provides transformative water intelligence for industries, agriculture and water operators, helping them measure, manage and forecast water quality and efficiency. And the company’s fully integrated and autonomous solution detects 30+ water parameters including heavy metals, inorganics and nutrients.
This new funding round will be used to advance KETOS’ go-to-market strategy and expand the company’s presence globally across the nine countries where KETOS successfully operates. And the company is also enhancing its research and development efforts to address PFAS issues in the market.
KETOS’ SHIELD helps customers mitigate risks in real-time while operating more efficiently with real-time affordable, accurate, and autonomously operating sensor systems built as an end-to end offering with a mutual partnership in mind compared to status quo approaches of transactional hardware sales, manual calibrations and cost prohibitive models to monitoring.
And KETOS’ PRISM solution enables companies and municipalities to measure, manage and forecast their water quality risk index and water re-use performance for operations, ESG reporting and compliance.
KETOS systems and AI tools monitor 45+ billion gallons of water globally. The company generates instant ROI for its clients, and to date has provided them with 282+ million data insights and reduced 2,400+ metric tons of carbon in the process.
KETOS also announced the appointment of two new Strategic Advisory Board members and two new Board Directors to support its growth trajectory.
They include
– Director – Jennifer Helle, North American Chemicals and Natural Resources Industry Lead for Accenture;
– Director – Jim MacIntyre, a serial entrepreneur with a 25-year track record supporting technology innovation and a board member and investor for several leading technology companies;
– Strategic Advisor – Dr. Neil Hawkins, President, Michigan Sustainability Associates, Harvard professor, leading global expert in sustainable business practices and sustainability policy and former CSO for Dow Chemical; and,
– Strategic Advisor – Biju George, Former Executive VP of DC Water and globally recognized leader in water treatment technology and science.
KEY QUOTES:
“We welcome this new investment to expand development and markets for our KETOS SHIELD and PRISM solutions. We value these strategic partnerships as we move into new markets and applications.”
– Meena Sankaran, KETOS Founder and CEO
“As global water demand continues to surge, KETOS offers efficient, turnkey solutions for companies and cities facing water quality and availability challenges. Tenfore is pleased to help this water intelligence leader expand their services for industrial, agricultural, mining, municipal, and regulatory use cases globally.”
– Dan Levine, managing partner of Tenfore Holdings
