Victoria’s Pani Energy has raised $8 million to accelerate the adoption of their software in the global water treatment market to improve clean water yield and reduce cost, risk, and emissions.
The $8 million round includes a seed equity round co-led by Blue Bear Capital and Blue Coast Partners, along with participation from Mazarine Ventures and Humanitas Smart Planet Fund, as well as contributions from Sustainable Development Technology Canada (SDTC) and other government agencies.
Blue Bear Capital, a California firm that invests in high-growth AI technology companies across energy, infrastructure, and climate industries, also joins Pani’s board as part of the financing.
Since 2017, Pani has been developing a proprietary data driven platform that helps water treatment facilities improve yield and reduce energy and materials costs while using only a plant’s existing systems and existing sensor data.
With a simple integration, Pani is able to implement digital twin simulations and employ advanced analytics to achieve significant efficiency gains covering filtration, chemical treatment, maintenance programs, and more.
Quickly growing to become a market leader in this space, Pani’s unique, hardware-free and CAPEX-free solution provides real-time operational insights and forecasting on how to improve water and energy use in plants, as well as predict optimal times to perform maintenance.
Photo by Ivan Bandura on Unsplash
Leave a Reply