NEW YORK (Aug. 10, 2023) — WINT Water Intelligence, a provider of water management and leak-prevention solutions for construction, commercial, residential and industrial applications, has completed a $35 million Series C funding round to drive continued growth and innovation in artificial (AI)- and Internet of Things (IoT)-based solutions for managing water and mitigating water damage throughout a building’s life cycle.
The round was co-led by Inven Capital, a European climate tech fund, and global software investor Insight Partners, which also led WINT’s B round. The round was joined by Taronga Ventures, one of the world’s leading real asset technology investors, and other prop-tech and construction-tech investors, providing WINT strategic access to new markets.
The successful C round supports WINT’s global market expansion and technological innovation. The investment reflects the urgent need for solutions across the globe as contractors, owners, tenants, and insurers seek solutions for mitigating the damage and cost of water leaks. The investment also reflects the increasing impact of global water stress and the urgency for water management solutions that prevent water waste and its associated carbon emissions.
“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.
WINT equips contractors, developers, owners and facility management teams with solutions to manage water throughout the life cycle 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. Visit wint.ai.