Water | May 21, 2024

KETOS clinches $10 million for its ‘water data as a service’

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

Aging infrastructure around the world threatens water quality. San Francisco-based KETOS makes AI-powered water testing and monitoring systems to provide utilities and other water providers real-time intelligence on water quality and usage. Sensors monitor water for lead, alkalinity, mercury and more than two dozen other parameters.

Dan Levine of New York- and Abu Dhabi-based venture capital investor Tenfore Holdings, which led KETOS’ $10 million equity financing, touted the company’s “efficient turnkey solutions.” KETOS currently monitors over 45 billion gallons of water, and is conducting research to address PFAS, cancer-linked “forever chemicals” that the US Environmental Protection Agency will begin regulating next month.

Smarter water

Separately, smart water management venture Subeca secured $6 million in Series A financing backed by Amazon’s Climate Pledge Fund and sustainable water backers SUEZ and Burnt Island Ventures. The San Diego-based company provides water meters to more than 40,000 US small and mid-sized utilities and businesses. Subeca’s uses Amazon’s Sidewalk communications network to help customers detect and solve water leaks.