Olea Networks
Latest round
- Series C
Last raised
- Sep 2021
Total raised
- $44M
Investors
- 4
About Olea Networks
Olea Networks, Inc.Founded in 2014 and headquartered in Austin, US, Olea Networks specializes in real-time water loss control solutions for utilities. The company has executed a total of 4 deals, focusing on advancing its technological offerings.Olea Edge Analytics specializes in providing advanced technology solutions designed to enhance water utilities' operational efficiency and revenue generation. Their core offerings include patented IoT and edge computing solutions that facilitate real-time water loss control, enabling utilities to monitor and manage water distribution effectively. These technologies address challenges faced by aging infrastructure and growing demand in urban environments, ensuring that every drop of water is accounted for and billed appropriately. The company serves a diverse client base, including municipalities and regional water utilities across North America, particularly in urban areas that experience high water loss rates.Olea Edge Analytics generates revenue primarily through direct sales of its technology solutions to water utilities, structured around a B2B model. The company engages in long-term partnerships with municipalities, providing subscription-based services that include software updates and ongoing support for their IoT solutions. Transactions typically involve upfront fees for the installation of the technology, followed by recurring revenue from service agreements that ensure the continuous functionality of their systems. Olea's flagship products, which incorporate real-time analytics and monitoring capabilities, are positioned to optimize water delivery and billing processes, ultimately driving increased revenues for their clients.In September 2021, Olea Networks, Inc. The company is focused on developing new products that enhance its service offerings and expand its reach into additional geographic markets. Plans include targeting municipalities in previously unserved regions across North America, expected by the end of 2023. This strategic direction aims to capitalize on the increasing demand for smart water management solutions as urban infrastructure continues to evolve.
Who invested in Olea Networks
4 investors across 2 rounds
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Questions about Olea Networks
Who invested in Olea Networks?
Olea Networks has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Olea Networks raised?
Olea Networks has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Olea Networks last raise money?
Olea Networks's most recent round on record is a Series C, in Sep 2021.
What does Olea Networks do?
Olea Networks is a software company.
Where is Olea Networks headquartered?
Olea Networks is headquartered in Austin, US.
Which VCs invest in companies like Olea Networks?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Olea Networks's stage. Their profiles are linked below.
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