Twitter LinkedIn
    Tuesday, May 17
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Utilis secures USD6m from Beringea
    Fundraising

    Utilis secures USD6m from Beringea

    March 24, 2021Updated:March 24, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Utilis, a pioneer of satellite-based infrastructure intelligence, has raised USD6 million from Beringea, a transatlantic venture capital firm, which will be used to accelerate the growth of its data-driven analytics enabling the detection of water leaks and infrastructure asset management

    Utilis was founded in 2013 by Lauren Guy, a scientist focused on atmospheric physics and dynamics studying the ability of space-based synthetic aperture radar (SAR) data to detect underground water on Mars. The patented algorithm developed through this research has underpinned the development of the Utilis solution, harnessing satellites to spot underground leaks in water supplies around the world. Utilis today has 40 employees across its offices in the USA, Israel, and the UK, led by Elly Perets, an experienced software entrepreneur, as CEO.

    Utilis has scaled to apply its pioneering leak detection product to more than 400 projects worldwide, spanning more than 55 countries including the USA, Italy, UK, Chile, China and South Africa.

    Read more

    Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals and transactions funds Investments
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    White Mountains to sell NSM to Carlyle

    May 16, 2022

    Alan Howard’s crypto platform attracts investment from Goldman Sachs and Barclays

    May 16, 2022

    Toshiba reveals takeover interest as battle heats up

    May 16, 2022

    Musk’s wild Twitter ride shows the power of private capital

    May 16, 2022

    Comments are closed.

    Other Articles

    Global Switch’s Chinese Owners Explore $11 Billion Sale

    January 6, 2021

    A Large Cogeco Shareholder Reduces Its Position

    January 16, 2021

    JCG invests USD13m in Highview Power

    February 11, 2021

    Gulf Capital completes sale of 70 per cent stake in Turknet

    February 23, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?