$6 million was obtained in Series A investment by Subeca, an innovative internet of things (IoT) firm situated in Richardson, Texas, that offers affordable water technologies.
Investors
- SUEZ, a company that specializes in digital and circular solutions for waste and water services.
- Burnt Island Ventures
- Amazon’s Climate Pledge Fund
Use of funds
With this finance, the firm can expand quickly to satisfy the market need for its flagship AMI solutions, especially in small- and medium-sized utilities and underserved enterprises by incumbents.
The Richardson, Texas-based company Subeca’s Blinc IoT module helps users monitor water infrastructure and find and fix leaks by using Amazon’s Sidewalk network, a free communications service that reaches over 90% of the US population.
About Subeca
Under the direction of CEO Patrick Keaney, Subeca has developed a smart water meter register that can be installed on most current water meters in less than a minute, thereby turning dumb meters into smart ones. This lowers the cost of meter reading operations for water utilities while greatly expanding the quantity of data and insights that are accessible to them and their clients. Subeca does this by using their PIN-based smart meter register devices, which are instantaneously linked to the AWS cloud via Amazon Sidewalk.
