Leading Water Intelligence Innovator Also Adds New Advisory
Board Members
SAN
FRANCISCO, May 21, 2024 /PRNewswire-PRWeb/ -- KETOS,
a leading water intelligence innovator, announced it has closed on
$10 million in additional equity
financing. The round was led by New
York- and Abu Dhabi-based
Tenfore Holdings, with participation from the national
security-focused venture firm, Danu Venture Group. They join
existing investors Broadway Angels, Plum Alley Ventures, Plug and
Play Ventures, and Accenture, which serves as both an investor and
strategic resale partner.
"We welcome this new investment to expand
development and markets for our KETOS SHIELD and PRISM solutions,"
said Meena Sankaran, KETOS Founder
and CEO.
KETOS offers transformative water intelligence for industries,
agriculture and water operators, helping them measure, manage and
forecast water quality and efficiency. The company's fully
integrated and autonomous solution detects 30+ water parameters
including heavy metals, inorganics and nutrients.
The new funding will be used to advance KETOS' go-to-market
strategy and expand the company's presence globally across the nine
countries where KETOS successfully operates. The company is also
enhancing its research and development efforts to address PFAS
issues in the market.
"We welcome this new investment to expand development and
markets for our KETOS SHIELD and PRISM solutions," said
Meena Sankaran, KETOS Founder and
CEO. "We value these strategic partnerships as we move into new
markets and applications."
KETOS' SHIELD helps customers mitigate their risk in real-time
while operating more efficiently with real-time affordable,
accurate and autonomously operating sensor systems built as an
end-to-end offering with a mutual partnership in mind compared to
archaic status quo approaches of transactional hardware sales,
manual calibrations and cost prohibitive models to monitoring.
KETOS' PRISM solution enables companies and municipalities to
measure, manage and forecast their water quality risk index and
water re-use performance for operations, ESG reporting and
compliance.
"As global water demand continues to surge, KETOS offers
efficient, turnkey solutions for companies and cities facing water
quality and availability challenges," said Dan Levine, managing partner of Tenfore
Holdings. "Tenfore is pleased to help this water intelligence
leader expand their services for industrial, agricultural, mining,
municipal, and regulatory use cases globally."
KETOS systems and AI tools monitor over 45 billion gallons of
water globally. The company generates instant ROI for its clients,
and to date has provided them with over 282 million data insights
and reduced over 2,400 metric tons of carbon in the process.
Today, KETOS also announced the appointment of two new Strategic
Advisory Board members and two new Board Directors to support its
growth trajectory.
They include:
- Director - Jennifer Helle, North
American Chemicals and Natural Resources Industry Lead for
Accenture;
- Director - Jim MacIntyre, a
serial entrepreneur with a 25-year track record supporting
technology innovation and a board member and investor for several
leading technology companies;
- Strategic Advisor - Dr. Neil
Hawkins, President, Michigan Sustainability Associates,
Harvard professor, leading global
expert in sustainable business practices and sustainability policy
and former CSO for Dow Chemical; and,
- Strategic Advisor - Biju George,
Former Executive Vice President of DC Water and globally recognized
leader in water treatment technology and science.
For more information, please visit https://ketos.co/
About KETOS
KETOS is a market pioneer, providing real-time water analytics
and intelligence to enable smarter and sustainable farms, cities,
and industries. Through its machine learning and predictive
technology, KETOS enables improved efficiency, operations, yield,
compliance, and treatment choices by measuring parts per billion
(ppb) specificity & standardized water metrics. KETOS' leading
solutions include an integrated offering of an industrial-grade,
patented robotics system, an IoT communication framework, and a
robust AI-enabled software platform to address global water
management issues, while providing mission-critical insights and
24/7 services for operators across all industries. Learn more at
www.ketos.co.
Media Contact
Jennifer
Mirabile, KETOS, 1 7244933027, jennifer.mirabile@gmail.com,
https://ketos.co/
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SOURCE KETOS