What does LeakZon do?
LeakZon is an AI-powered water management solution provider that specializes in water loss management. Its core product, The WEAD Solution, utilizes data from AMR, GIS, customer billing, and environmental systems to comprehensively manage and optimize water networks for utilities.
How much did they raise?
The company raised $5M in Series A funding. The round was led by Peal Holdings A.A. LTD with participation from other investors, reflecting confidence in its innovative approach to water loss management.
What are their plans for the money?
LeakZon plans to use the funds to develop new advanced features and expand its market presence, with a specific focus on penetrating the U.S. market through its dedicated American entity, LeakZon Inc.
What have they achieved so far?
The company has already marked progress by establishing LeakZon Inc. in the U.S. since January, showcasing its commitment to expanding its footprint and achieving operational excellence in water management.
