Search for Water Quality And Distribution Monitoring Software Ketos Raises $18 Million on Bing

Water quality and logistics monitoring software Ketos has raised $15 million from a group of investors to take advantage of the growing demand for better water management tools and technologies. The potential for more stringent regulatory oversight of industrial water use and wastewater management from local, state and federal government coupled with increasing consumer and investor demands for better corporate environmental stewardship is driving an unprecedented adoption of technology and services aimed at increasing conservation and reducing waste across industries. Water monitoring can also provide relevant information to public officials about the potential for disease outbreaks and other health related issues in a population. Recently, monitoring wastewater streams have been used to detect outbreaks of the virus that causes COVID-19. The renewed attention on water is one reason why an investment arm of the banking giant Citi joined lead investor Motley Fool Ventures and Illuminated Funds Group to come as new investors into Ketos.