WINT Water Intelligence, a leader in cutting-edge water management and leak-prevention solutions for construction, commercial and industrial applications, has completed a $15 million Series B funding round. The round was led by New York-based global private equity and venture capital firm Insight Partners with participation from existing investors including Marius Nacht, one of Israel’s leading serial entrepreneurs, founders, and investors.
The round also included numerous global construction and real-estate companies, who are keenly looking to solve the challenges posed by water sustainability and damage in their facilities and construction sites. These include Suffolk Construction, a national technology-driven general contractor, the Consensus Business Group, the U.K.’s largest owner and manager of residential and commercial property, Tidhar, Electra, Ashtrom, Rogovin, and the Israel-Canada group.
The investment drives WINT’s continued market expansion and innovation to help owners, contractors, facility managers and insurers prevent water damage and improve their sustainability stance.
Water waste and leaks pose persistent challenges for industries across the built environment by contributing to global water scarcity and carbon emissions, with 13% of electricity consumption in the United States related to water distribution and treatment. Moreover, water damage in facilities is a major source of insurance claims, with over $13 billion in annual payouts. As the leading provider of AI-driven water intelligence technology, WINT helps organizations eliminate water damage, reduce consumption by 20%-25%, and cut operational expenses and environmental footprint.
