Apana provides an IoT-powered intelligent water management platform that connects meters and sensors around facilities using devices leveraging Low Power Wide Area (LPWA) technologies. With high-resolution data and cloud analytics, its system monitors facility water infrastructure to identify anomalous use in real time and sends insights and actionable, step-by-step guidance to the right person at the right time. The company’s customers include Fortune 500 firms, public institutions, and cities, and it has deployed its platform across more than 600 cities globally. Apana focuses on commercial, industrial, and institutional sectors such as grocery, hospitality, food and beverage, and municipal clients. Led by co-founder and CEO Matt Rose, the company intends to use the new funding to drive further innovation and expand sales and marketing efforts. The company is headquartered in Bellingham, Washington. Apana raised $3.5M in a Series A to help businesses monitor and cut down on water usage and save money. The company deploys smart sensors that collect high-resolution water-consumption data, identify wasteful patterns and provide actionable information to frontline staff. The round was led by Kurita Water Industries and included Element 8, Cowles Co. and Urban Innovation Fund. Apana is based in Bellingham, Wash., and operates two Washington offices in Bellingham and Spokane with 11 employees; it expects headcount to grow by close to 50% and plans a future Seattle office once sales goals are met. Customers named in the article include Costco (which reduced water usage by more than 20% where Apana is deployed), Mister Car Wash and Fetzer Vineyards. CEO Matt Rose has a software background in healthcare and defense, and co-founder Frank Burns has over 20 years’ experience with wastewater treatment plants, combining automation and operational expertise in the product.

Total raised

$15M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2019