logo
logo

Olea Edge Analytics Closes $35M Series C Round To Empower Cities With Artificial Intelligence To Recover Lost Water Revenue

Oct 06, 2021•almost 4 years ago

Amount Raised

$35 Million

Round Type

series c

Austin

Description

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 Information

Company

Olea Edge Analytics

Location

Austin, Texas, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech