Olea Edge Analytics successfully raised $9 million in Series B funding to enhance its AI-driven water management solutions and expand its market reach across U.S. municipal water utilities.

Information on the Target

Olea Edge Analytics, based in Austin, Texas, is a pioneering company that specializes in AI-enabled Internet of Things (IoT) solutions for water distribution management. Its technology is currently deployed by two of the leading water utilities in the United States, addressing critical needs in infrastructure optimization and revenue recovery. Olea's solutions employ advanced artificial intelligence and machine learning at the edge to minimize water loss and enhance revenue generation, making it fundamentally important to the sustainability of municipal water systems.

The company is actively expanding its product offerings and rolling out innovative solutions in various major U.S. cities. Olea's capabilities empower utilities to not only ensure the operational efficiency of their water systems but also to recover previously lost revenues. This strategic focus positions Olea as a leader in the water management technology sector.

Industry Overview

The water utility industry in the United States is experiencing significant challenges due to aging infrastructure and rising demand for clean water. Many cities are grappling with the need to modernize t