FROM TECHCRUNCH—Faced with droughts and an increasing environmental effort in America to conserve water, utility companies have struggled to keep their financial houses in order in light of reduced usage. One former Startup Battlefield competitor — Valor Water — hopes to help these companies get back on track. Read the full article here
Valor Water Analytics, a company that delivers water loss and efficiency analytics to utilities, announced Friday the close of a $1.6 million funding round, led by Shore Ventures II and including Apsara Capital, Syzygy West, Urban Innovation Fund, and 500 Startups.
When Christine Boyle started her company Valor Water Analytics, she didn’t expect it would be a Silicon Valley technology startup.
After all, the company, founded in North Carolina, based on her PhD work, helps public water utilities analyze their data to conserve water and increase revenue. It’s not your typical photo sharing or chat app.
The company’s main product is a revenue loss detection tool that analyzes a utility’s data to help identify leaks, broken meters, and other lost revenue. Clients have added an average of 2.3% of revenue by using the service. The subscription service uses software without requiring any hardware to install.
Valor Water Analytics was featured in a Consumers’ Research article that highlighted the ways “analytic software can help water utilities understand how water conservation and changes in general water use patterns are impacting their revenue.” Using sophisticated data analysis this software can help utilities discover lost revenue and produce substantial cost savings. These savings, according to Valor Water Analytics President Dr. Christine Boyle, “can help reduce [utilities’] expenses, increase revenue, increase liquidity (more cash that isn’t restricted), and can help reduce leverage (pay down debt).” The article can be read here.
SAN FRANCISCO, CA, January 8, 2015 — Valor Water Analytics is one of 12 companies from a global pool of 100 applicants selected to participate in the 2015 Imagine H2O Water Infrastructure Challenge. Valor Water Analytics is a subscription-based software as a service product that delivers a suite of business intelligence tools for water utilities to address financial issues such as conservation, revenue risk, and affordability by leveraging utilities’ own data.