Israeli startup and water leak detection specialists Wint raises $35 million
The Israeli startup Wint has just raised $35 million in Series C funding. Thanks to its AI-powered technology, this water management specialist helps companies detect and stop leaks in their pipe networks.
Basically, Wint has developed a water management system combining connected sensors and artificial intelligence-enabled software, which alerts users when there is a leak in their networks and even detects its origin. The startup’s clients include construction companies as well as factory managers, facility managers and data centres. As such, Wint counts Microsoft, Google, Mastercard, HP and Dell amongst its clients.
Wint already raised $15 million in Series B funding back in 2022, led by Insight Partners, a New York-based investment fund which had previously backed successful startups such as Twitter, Tumblr and Shopify. Insight Partners once again participated in this new funding round, co-led with the Czech climate tech fund Inven Capital. Taronga Ventures also invested in the round.
Birdstop, startup specialising in drone infrastructure inspection, raises $2.3 million
Birdstop is a California-based startup that operates a drone network across the US. Founded by former Google data scientist, Keith Miao, the company has just raised $2.3 million in a funding round led by Lerer Hippeau, Anorak Ventures, Correlation Ventures, Data Tech Fund, Graph Ventures, Techstars and Timberline Holdings, as well as with strategic investors in energy and telecommunications.
Its constellation of drones is already used in several American states (Alabama, Texas, California) to analyse and protect power grids, telecom networks and other strategic infrastructure. Everything is operated remotely from a control centre in San Francisco.
In addition to real-time monitoring and routine infrastructure inspection, Birdstop’s drones can be mobilised on-demand in the event of a natural disaster or security threat. Applications in the agriculture, construction and public safety sectors are also being explored.
The startup says it will use the funds to purchase more drones capable of inspecting critical infrastructure, as well as to develop new AI-based tools.
Canadian startup Carbon Upcycling Technologies raises $26 million in Series A
BDC Capital’s Climate Tech Fund and Climate Investment have just invested in the Canadian startup Carbon Upcycling Technologies Inc, alongside existing investors Clean Energy Ventures, Clean Energy Venture Group, Amplify Capital, Oxy Low Carbon Ventures, CRH Ventures and Cemex Ventures.
Thanks to this Series A funding round, the Calgary-based company raised an additional US$26 million to develop its decarbonisation solutions for the cement, steel and mining sectors.
Its carbon utilisation technology is used to create innovative additives from CO2 gas emissions. The all-electric solution developed by Carbon Upcycling Technologies mineralises CO2 emissions from industrial facilities while upcycling industrial by-products into materials (additives for plastics and cements, composites, polymers, etc.) which reduce the carbon footprint of cement and concrete. CRH in Canada and Cemex in the UK will be the first cement manufacturers to integrate this solution at their plants.
Furthermore, Carbon Upcycling Technologies receives support from Leonard’s CATALYST programme, which gives the most mature innovative solutions the means to deploy their services and products in partnership with VINCI Business Units.
There is more…
Contech startup Truebuilt raises $4 million in seed funding for its pre-construction software – Read on Commercial Observer
Helsinki-based Saas startup Metroc raises $2 million to develop AI for construction industry – Read on EU Startups
German startup Kraftblock raises €20 million to decarbonise industries using thermal storage technology – Read on Silicon Canals
Acelab raises $5.3 million to revolutionise architecture using AI – Read on Ventures Beat
Swedish startup Adsorbi secures funding for a new air purification solution – Read on Arctic Startup