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Olea Networks provides IoT and edge computing systems that help water utilities control real-time water loss and billing.
Founded in 2014 and headquartered in Austin, US, Olea Networks serves municipalities and regional water utilities, mainly across North America. Its patented IoT and edge computing solutions monitor water distribution and support accurate billing, and revenue comes from upfront installation fees plus recurring software and support agreements. The company raised USD 34.89 mn in a Series C round led by Insight Partners in September 2021. CEO Dave Mackie leads the company, which plans to reach municipalities in previously unserved North American regions by the end of 2023.
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