Takadu raises 3 million in water network monitoring

971 Views

ABB, the leading power and automation technology group, announced its decision to invest in TaKaDu, a provider of advanced monitoring solutions for water distribution networks. The investment was led by ABB Technology Ventures, ABB’s venture capital arm in a $6 million funding round that also included existing TaKaDu investors Emerald Technology Ventures, Gemini Israel Funds and Giza Venture Capital.

The investment gives ABB access to a field-proven monitoring system that complements its automation portfolio for the water sector. This includes a range of power and automation products and integrated solutions that allow customers to produce, transport, distribute, treat and utilize water efficiently, reducing energy consumption, minimizing losses and improving reliability.

Read more: http://j.mp/I8Qv6p

Support
Please feel free to submit your feedback below
Feedback

CAPTCHA
Image CAPTCHA
Enter the characters shown in the image.