RICHARDSON, Texas, May 20, 2024
/PRNewswire/ -- Subeca, an innovative internet of things (IoT)
startup that provides low cost and easy to use water technology,
raised $6M in Series A funding.
The Series A was led by SUEZ, a global leader in digital and
circular solutions in waste and water services, with participation
from Amazon's Climate Pledge Fund, Amazon's sustainability focused
corporate venture fund, and Burnt Island Ventures, a leading water
sector-focused venture investor.
"The funding will allow Subeca to rapidly scale to meet market
demand for our flagship AMI solutions, particularly in small to
medium sized utilities and companies that have been underserved by
incumbents," said Patrick Keaney,
Chief Executive Officer of Subeca. Subeca's differentiated
end-to-end IoT offerings provide simple, easy-to-deploy options for
the more than 40,000 utilities and businesses in the US that have
been locked out of the benefits of advanced metering and sensing
technology due to the cost and complexity of legacy technology
solutions. Produced in Richardson,
Texas, Subeca's Blinc IoT module utilizes Amazon's Sidewalk
network, a free communications network that covers more than 90% of
the US population, to help customers manage water infrastructure
and detect and resolve water leaks.
"Subeca offers a simple and secure service that helps Amazon,
AWS, and our utility partners gather timely and reliable data to
manage water use without relying on traditional cellular or
building network infrastructure. We're excited to work with Subeca
as we continue to improve the efficiency of water use in the
communities where we operate as well as across our own operations,
helping AWS make progress to meeting water positive by 2030," said
Beau Schilz, Senior Manager for
Water in the Americas, AWS.
"Subeca has developed a disruptive smart metering solution that
will provide access to a previously underserved tier of utilities
in the US," said Joshua Cantone,
Managing Director of SUEZ Digital Solutions for North America. "SUEZ, a leading provider of
smart water metering solutions with more than 6 million units
deployed worldwide, intends to leverage its expertise to support
Subeca in scaling its offerings and go-to-market strategy. We
believe in the vision of Subeca's exceptional leadership team and
look forward to supporting their evolution in the market."
"Affordability challenges have stalled the adoption of smart
metering across the US and globally. Subeca's simple customer
interface and integration with Amazon Sidewalk allows a new segment
of water utilities to join the digital revolution. We are excited
to work with the Subeca team to bring this technology to market,"
said Christine Boyle, Partner at
Burnt Island Ventures.
Subeca was recently selected as one of ten startups out of over
200 global applicants for the prestigious ImagineH2O
Accelerator.
Learn more about Subeca at www.Subeca.com.
Media Contact:
Patrick Keaney
800-366-2271
377908@email4pr.com
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SOURCE Subeca