WINT is an Israeli water management and leak-prevention solution provider for construction, commercial, residential, and industrial applications. The company has raised $35 million in a Series C funding round.
The investment round was co-led by a leading European climate tech fund Inven Capital (that previously invested in Woltair) and global software investor Insight Partners, which also led WINT’s Series B round. Also, Taronga Ventures, one of the world’s leading real asset technology investors, and other prop-tech and construction-tech investors joined this round.
WINT will use the investment to drive continued growth and innovation in AI- and IoT-based solutions for managing water and mitigating water damage throughout a building’s lifecycle.
The investment reflects the urgent need for WINT’s solutions across the globe as contractors, owners, tenants, and insurers seek solutions for mitigating the damage and cost of water leaks. It also reflects the increasing impact of global water stress and the urgency for water management solutions that prevent water waste and its associated carbon emissions.
“As a climate tech investor, we were greatly impressed by WINT’s vision to bring sustainability and risk mitigation into water management, coupled with its ability to rapidly rise to market leadership in this fast-growing space,” said Michal Mravec, Investment Director at Inven Capital. “Their exponential growth, focus on customer value, cutting-edge technology, and ability to deliver globally are a uniquely powerful combination. We’re excited about the prospect of working with this exceptional team to help drive WINT’s continued growth while making our world a better place.”
“We’re excited to close this round at a time when water scarcity and climate change are becoming some of humanity’s greatest challenges, while the costs of water leak damage in buildings are reaching unacceptable levels for insurers, owners, developers and contractors,” said Alon Geva, CEO of WINT. “We’re thrilled by the opportunity to partner with Inven and with other world-leading real estate and climate tech investors, and we are confident that their support and industry depth will help us solve these massive challenges for the world’s built environment.”
Deploys AI to detect and stop water leaks
The water intelligence startup WINT was founded in 2011 by Alon Geva and Moshe Ravid in Israel. It has created a water management solution consisting of AI-powered software and interconnected hardware that notifies users in case of potential leaks. The unit integrates into existing pipe systems, where it can learn the normal water flow, detect when things go wrong, and shut off malfunctioning parts before any damage is done.
WINT communicates with the cloud over a cellular network to deliver real-time analytics and alerts through its app.
Potential clients span various sectors, from facility management and construction companies to data centers and enterprises aiming to enhance their carbon emission records with concrete data. The company boasts an admirable clientele, which includes prominent names like Microsoft, Google, Mastercard, HP, and Dell.
