IoT startup Subeca raises $6m Series A to scale deployment of low-cost, easy-to-use water technology

Subeca, an innovative internet of things (IoT) startup that provides low cost and easy to use water technology, has raised $6 million in Series A funding. The funding was led by SUEZ, a global player 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.

Patrick Keaney, CEO, Subeca: "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.''

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.

Beau Schilz, Senior Manager, Water in the Americas, AWS: ''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.''

Joshua Cantone, Managing Director, SUEZ Digital Solutions, North America: "Subeca has developed a disruptive smart metering solution that will provide access to a previously underserved tier of utilities in the US. 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."

www.subeca.com

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