Kando Secures $10M Investment to Accelerate Innovation in Wastewater Intelligence and Enhance Global Wastewater Quality with GenAI
Kando, a leading wastewater intelligence company dedicated to improving global wastewater quality through innovative solutions, is excited to announce the successful close of its latest investment round, raising $10 million, bringing the total amount raised to $30 million.
Wastewater quality is a huge global challenge that impacts water availability, public health and the environment. Kando was founded by Zohar Scheinin and Ari Goldfarb and operated as a bootstrap company in its early years. This round was led by prominent investors, including DC Thomson, LIP, Ram-On Investments, Bridges Israel, ICI Frund, Aliaxis and OurCrowd. The investors joined forces to support Kando's mission of transforming the water sector with cutting-edge technology.
The investment will drive Kando's extensive global expansion, focusing on the US and Europe. Kando's solution, built on proprietary machine learning models trained on unique in-house IoT wastewater data, optimizes wastewater quality management.
Backed by a robust data science team, including experts with PhDs in Biophysics, Biology, and Mathematics, Kando leverages Generative AI to transform analytical insights and industry knowledge into actionable business actions. This innovative approach enables significant cost savings, enhances wastewater reuse, and supports sustainable urban water management in cities across the US and Europe.