Subeca, a innovative internet of things (IoT) startup that provides low cost and water technology secure $6million in series A round funding.
The Series A was led by SUEZ, a global leader in digital and circular solutions in waste and water services, with participation from Amazon’s Climate Pledge Fund, Amazon’s sustainability focused corporate venture fund, and Burnt Island Ventures, a leading water sector-focused venture investor.
The funding will enable the company to rapidly expand in order to satisfy the market demand for its flagship AMI solutions, particularly in small to medium-sized utilities and companies that have been underserved by incumbents.
Patrick Keaney, Chief Executive Officer of Subeca said, “The funding will allow it to rapidly scale to meet market demand for our flagship AMI solutions, particularly in small to medium sized utilities and companies that have been underserved by incumbents, it’s differentiated end-to-end IoT offerings provide simple, easy-to-deploy options for the more than 40,000 utilities and businesses in the US that have been locked out of the benefits of advanced metering and sensing technology due to the cost and complexity of legacy technology solutions. Produced in Richardson, Texas, Subeca’s Blinc IoT module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population, to help customers manage water infrastructure and detect and resolve water leaks.”
Beau Schilz, Senior Manager for Water in the Americas, AWS said, “It offers a simple and secure service that helps Amazon, AWS, and our utility partners gather timely and reliable data to manage water use without relying on traditional cellular or building network infrastructure. We’re excited to work with Subeca as we continue to improve the efficiency of water use in the communities where we operate as well as across our own operations, helping AWS make progress to meeting water positive by 2030,”.
Joshua Cantone, Managing Director of SUEZ Digital Solutions for North America said, “Subeca has developed a disruptive smart metering solution that will provide access to a previously underserved tier of utilities in the US, SUEZ, a leading provider of smart water metering solutions with more than 6 million units deployed worldwide, intends to leverage its expertise to support Subeca in scaling its offerings and go-to-market strategy. We believe in the vision of Subeca’s exceptional leadership team and look forward to supporting their evolution in the market.”
Christine Boyle, Partner at Burnt Island Ventures said, “Affordability challenges have stalled the adoption of smart metering across the US and globally. Subeca’s simple customer interface and integration with Amazon Sidewalk allows a new segment of water utilities to join the digital revolution. We are excited to work with the Subeca team to bring this technology to market,”.
Read also – [Funding News] CA-based Kudos Secures $10.2Million in Series A Round Funding
About Subeca
Subeca is a cost-effective and scalable water management platform that enables utilities and their clients to manage water resources at the end-to-end.
