Key Takeaways
- KETOS has closed on $10 million in additional equity financing led by Tenfore Holdings and Danu Venture Group.
- The funding will support the expansion of KETOS’ SHIELD and PRISM solutions and enhance global presence and R&D efforts.
- KETOS offers solutions for water quality and efficiency, detecting over 30 water parameters.
- KETOS’ systems monitor over 45 billion gallons of water globally, providing significant data insights and reducing carbon emissions.
- KETOS has appointed new Strategic Advisory Board members and Board Directors to support growth.
KETOS Secures $10 Million in Funding to Enhance Water Intelligence Solutions
KETOS, a leading innovator in water intelligence, announced the successful closing of $10 million in additional equity financing. Tenfore Holdings, based in New York and Abu Dhabi, led the funding round, with participation from the national security-focused venture firm Danu Venture Group. Existing investors participated, including Broadway Angels, Plum Alley Ventures, Plug and Play Ventures, and Accenture.
Expansion and Innovation
KETOS provides transformative water intelligence solutions for industries, agriculture, and water operators, helping them measure, manage, and forecast water quality and efficiency. The company’s integrated and autonomous solutions detect over 30 water parameters, including heavy metals, inorganics, and nutrients.
“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.”
Strategic Use of Funds
The newly secured funding will be used to advance KETOS’ go-to-market strategy and enhance the company’s global presence across the nine countries where it operates. Additionally, KETOS plans to bolster its research and development efforts, particularly to address issues related to PFAS in the market.
Dan Levine, Managing Partner of Tenfore Holdings, highlighted the importance of KETOS’ solutions: “As global water demand continues to surge, KETOS offers efficient, turnkey solutions for companies and cities facing water quality and availability challenges. Tenfore is pleased to help this water intelligence leader expand their services for industrial, agricultural, mining, municipal, and regulatory use cases globally.”
Advanced Solutions for Water Management
KETOS’ SHIELD solution helps customers mitigate risks in real-time, offering affordable, accurate, and autonomously operating sensor systems. This end-to-end solution contrasts with traditional approaches that rely on transactional hardware sales and manual calibrations.
The PRISM solution enables companies and municipalities to measure, manage, and forecast their water quality risk index and water reuse performance. This aids in operations, ESG reporting, and compliance.
KETOS systems and AI tools currently monitor over 45 billion gallons of water globally, providing clients with over 282 million data insights and reducing over 2,400 metric tons of carbon emissions.
New Leadership Appointments
In support of its growth trajectory, KETOS announced the appointment of two new Strategic Advisory Board members and two new Board Directors:
- Jennifer Helle, North American Chemicals and Natural Resources Industry Lead for Accenture, joins as a Director.
- Jim MacIntyre, a serial entrepreneur with a 25-year track record in technology innovation, joins as a Director.
- Dr. Neil Hawkins, President of Michigan Sustainability Associates, Harvard professor, and former CSO for Dow Chemical, joins as a Strategic Advisor.
- Biju George, former Executive Vice President of DC Water and a leader in water treatment technology, joins as a Strategic Advisor.
These appointments are expected to provide valuable expertise and support as KETOS continues to expand and innovate in the water intelligence sector.
Image provided by KETOS
1 Comment