Olea

Water Network Intelligence

Austin, United States · Founded 2014 · $44.0M raised

Headquarters
Austin, Texas
Employees
11–50
Founded
2014
Business Model
B2B
Total Funding
$44.0M
Last Round
$35.0M Series COct 2021
Rounds
2

About

Olea Edge Analytics delivers water network intelligence to municipal utilities through IoT-based pressure and meter monitoring. The company's PRV Monitoring platform uses purpose-built edge hardware to capture pressure transients at up to 256 readings per second at pressure reducing valve stations, surfacing anomalies and automated alarms for pressure events, cavitation, and seat wear. The complementary Meter Health Analytics (MHA) platform monitors large commercial and industrial meters to identify revenue-impacting failures. Together the platforms give utility operations teams unified visibility into network health, reducing main breaks, cutting truck rolls, and shrinking non-revenue water.

Summary

Olea is a SaaS company based in Austin, United States, founded in 2014. It has raised $44.0M in total across 2 rounds, most recently a $35.0M Series C round in Oct 2021. Investors include Insight Partners and Renewal Funds.

Funding History

Series CSeries COct 2021
$35.0M

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Series B through Series C — per-round amounts, valuations, and who invested in each round.

Investors

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