Water quality and logistics monitoring software Ketos has actually raised$15 million from a group of investors to take advantage of the growing demand for much better water management tools and technologies. The potential for more strict regulatory oversight of commercial water use and wastewater management from local, state and federal government, paired with increasing consumer and financier needs for better business ecological stewardship, is driving an unprecedented adoption of innovation and services aimed at increasing conservation and lowering waste throughout markets. Water monitoring can likewise provide pertinent details to public officials about the potential for illness break outs and other health-related problems in a population. Just recently, keeping track of wastewater streams has been utilized to identify outbreaks of the infection that triggers COVID-19. The renewed attention on water is one reason why an investment arm of the banking giant Citi signed up with lead financier Motley Fool Ventures and Illuminated Funds Group to come as new investors
into Ketos. They signed up with existing backers like Ajax Techniques, Better Ventures, Broadway Angels, Plum Valley Ventures and Rethink Effect. Silicon Valley Bank supplied the company with$3 million in financial obligation financing. The company stated it would utilize the funding to develop brand-new capabilities for its combined hardware and software service that provides details into water quality and the presence of prospective damage to pipes for circulation and disposal of water.”Developing one of the biggest central data
lakes of water quality insights– with details on heavy-metal toxic substances, coupled with location-based mapping and possible contamination sources– the potential for what machine learning and expert system can achieve is endless,”stated Meena Sankaran, the company’s founder and chief executive. Another selling point is the business’s usage
of maker learning to anticipate where problems with water systems might occur– preventing the requirement for more pricey investments into infrastructure.”KETOS is genuinely interrupting the water intelligence industry with the data it captures autonomously (remotely controlled)and provides to its customers for forecasting water management problems, which is much more leading of mind as the world fights
COVID,”stated Ollen Douglass, managing director of Motley Fool Ventures, in a statement. “For the first time, it is possible to use predictive modeling and much needed mission-critical insights with$0 capital infrastructureinvestments, to build, do something about it and make informed choices about a water network.”Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.