WINT Water Intelligence, a New York-based provider of cutting-edge water management and leak-prevention solutions, secured $35 million in Series C funding to drive continued growth and innovation in AI- and IoT-based solutions for managing water and mitigating water damage throughout a building's lifecycle.
The round was co-led by Inven Capital and Insight Partners, with participation from Taronga Ventures and other investors from the property technology (prop-tech) and construction technology (construction-tech) sectors.
The successful C round supports WINT's global market expansion and technological innovation.
WINT specializes in providing solutions for managing water and preventing water-related damage in a wide range of applications, including construction, commercial, residential, and industrial settings.
"We're excited to close this round at a time when water scarcity and climate change are becoming some of humanity's greatest challenges, while the costs of water leak damage in buildings are reaching unacceptable levels for insurers, owners, developers, and contractors," said Alon Geva, CEO of WINT. "We're thrilled by the opportunity to partner with Inven and with other world-leading real–estate and climate tech investors, and we are confident that their support and industry depth will help us solve these massive challenges for the world's built environment."
WINT equips contractors, developers, owners, and facility management teams with cutting-edge solutions to manage water throughout the lifecycle of a building, from construction to operations. WINT's AI-based solutions help companies eliminate water waste and its associated carbon emissions and prevent water damage on construction sites and in commercial and residential buildings.
Company: WINT -WI LTD.
Raised: $35.0M
Round: Series C
Funding Month: August 2023
Lead Investors: Inven Capital and Insight Partners
Additional Investors: Taronga Ventures
Company Website: https://wint.ai/
Software Category: Water Management and Leak-Prevention Solutions
About the Company: WINT Water Intelligence is dedicated to helping businesses reduce their environmental footprint by preventing the hazards, costs, waste, and environmental impact associated with water leaks and waste. Utilizing the power of artificial intelligence and IoT technology, WINT provides a solution for commercial facilities, construction sites, and industrial manufacturers looking to cut water waste and its associated carbon emissions and eliminate the impact of water leak disasters.
Source: https://www.prnewswire.com/news-releases/wint-announces-35-million-series-c-funding-round-301897125.html