Olea Edge Analytics Closes $35M Series C Round To Empower Cities With Artificial Intelligence To Recover Lost Water Revenue
Olea Edge Analytics Closes $35M Series C Round To Empower Cities With Artificial Intelligence To Recover Lost Water Revenue
10/06/21, 11:00 AM
Location
austinMoney raised
$35 million
Round Type
series c
Olea Edge Analytics, an intelligent edge computing platform for the water utility industry, today announced the closing of $35 million in Series C funding led by New York-based global private equity and venture capital firm Insight Partners. The company intends to use the funds to accelerate hiring across all departments and further develop their AI and edge computing-based solutions to help utilities manage water.
Company Info
Location
austin, texas, united states
Additional Info
Olea's proven technology empowers utilities to optimize water delivery, billing and conservation so cities can generate millions more in revenue. Committed to helping water utilities combat aging infrastructure, meet greater demand and limit rate increases, Olea's patented solution combines IoT and edge computing capabilities to bring transparency, accuracy and reliability to the delivery of the world’s most precious resource. For more information, visit www.oleaedge.com.