Conservation Labs, Inc., maker of smart water monitor H2know™, announced that it has successfully raised a $1.7 million seed round investment. The round was led by IrishAngels with additional investment from the Amazon Alexa Fund, Serra Ventures, Mountain State Capital, and Innovation Works.
The new investment round will enable Conservation Labs to launch H2know, an innovative product that monitors water use. By combining simple technology with machine learning, Conservation Labs invented an affordable way to protect a property from water damage. Their innovation will allow H2know to be one third the cost of existing products and easily installed in 5 minutes without the help of a plumber. H2know will launch in early 2020 to commercial customers, starting with multi-family properties and restaurants, followed by the residential sector.
“The team and I are excited to be working at the intersection of IoT and machine learning to not only make a difference in people’s lives but also create a more sustainable future,” said Mark Kovscek, Founder and CEO of Conservation Labs. “Because of our innovative and low-cost approach, we see a path to make a difference in all aspects of water distribution and use across the globe.”