Hydration Labs, Inc. announced it raised $16.5 Million in an initial filing from an offering of $16.5 Million

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Bevi designs smart water coolers that provide filtered, flavored, and sparkling water on demand. The company was founded in 2013 by graduates of MIT and Yale University who shared a vision to redesign the beverage supply chain and eliminate the need for single-use disposable water bottles. Since its founding, Bevi has raised over $160M in venture capital and saved hundreds of millions of bottles and cans from ending up in landfills. Thousands of Bevi machines are located throughout North America in the offices of businesses such as Lyft, Netflix, and Microsoft, and in amenity areas of residential apartment buildings run by leading property management firms like Greystar and Colliers.