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Digital Water Solutions Inc.

We are looking to simplify the detection and localization of leaks to help our clients reduce lost water, reduce overall operational costs, and reduce GHG emissions.

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One Liner

One Liner
We are looking to simplify the detection and localization of leaks to help our clients reduce lost water, reduce overall operational costs, and reduce GHG emissions.

What Problem We are Solving

Problem
Water utilities are losing water, 14-18% of all treated water never gets to the customer, costing them over $4B USD annually in wasted electricity. Water main breaks have negative consequences in terms of repair costs, customer satisfaction, and overall waste. We provide a permanent monitoring solution that alerts water utilities when events arise so that they can proactively work to address leaks, low pressures, and water hammer before it becomes a larger issue, thus saving time and money.

About Us

About Us
We incorporated in 2018 and have 25+ water utilities in North America that have implemented our solution within their water distribution networks. Our founders and management team have extensive experience in the water sector with over 100 years of combined experience in operations, consulting, and hydraulics. We are ramping up and are in the process of seeking investors interested in helping reduce water loss, GHG emissions, and electricity usage.

Venture Highlights

Highlights
We have had a significant year - having won the Smart Water Summit Vendor to Watch award in August 2022.  This was voted on by water utility executives from across the United States - meaning they see the value in what we are doing, and many have since had conversations with our team about implementation.  We were also named one of Canada's 50 Best CleanTech Investments for 2022. Our team has full-time staff members, we raised over $300,000 in just four weeks this fall and have a pipeline of water utilities that we are working with to map out an initial deployment as we head into 2023, which will result in over $1M in sales in the coming year.  We landed some firsts towards the end of this year - including an implementation with the US Navy in California, a First Nations community, and an implementation for a utility that has an issue with leaks but has yet to find a solution that can find them - they have turned to us for help.

Business Model

Business Model
We go to market directly and through representatives.  

Our model includes the sale of hardware (CAPEX) and then software (ARR).  We typically introduce a water utility to our solution through a 5-unit proof of concept project, which we deliver for under $50k.  This is a low-risk introduction for a water utility, and then we add units each year, growing both our revenue and our ARR as water utilities expand their permanent monitoring solution.

We are in the process of transitioning our business model to a Data-as-a-Service (DaaS) model which will see our ARR increase by 12x moving forward.

Competitive Advantage

Quote
Our solution is unique in the way in which it detects leaks - we listen to the water column to identify leaks within the water distribution network.  This unique approach allows us to detect leaks in PVC (plastic) pipe, whereas others listen to pipe vibration which does not allow them to detect leaks in PVC.  Our AI also is able to identify leaks at much greater distances than others in this space, can detect pre-existing leaks, as well as monitor pressure, water temperature, and capture transient events. We are fully autonomous, meaning we do not require any data from our clients to be able to find and localize leaks within a water network.  We are truly plug-and-play.

Revenue

Revenue To Date
$2.68M
MRR
$8K
Revenue YTD
$106K
Burn Rate
$100K

Users

Total Users
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Total Users (Past 30 Days)
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Daily Active Users
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Monthly Active Users
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Total Paying Users
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MoM Growth Users
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Organic Traffic %
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Go-To Market Strategy

Business Strategy
We are able to go to market with a 'proof-of-concept' approach, where a water utility starts with 5 units and we work with them over a 6-month period where we meet monthly to review the results, answer questions and work to get them comfortable.  This goes exceedingly well as no technical skills are required to use our solution - we provide alerts whenever something is happening which arrive by SMS or e-mail to the water utility personnel, who can then review the user interface for more information and begin taking action.  Once they have the first units installed, we have a track record of them continuing to invest and purchase additional units each year, growing both our revenue and our ARR.  Our plan coming out of this round of funding is to grow a representative network in the US and bring onboard a full-time US lead for our representative team that can also do direct sales to the larger water utilities.

Competitive Analysis

Competitive Analysys
We listen to the water column to detect leaks, which compared to 'acoustic' monitors that detect pipe noise or vibration, allows us to detect leaks in all pipe materials, including PVC, and at much larger distances than our competitors.  We provide acoustic, pressure, transient pressure, and water temperature monitoring, along with automated data upload vial cellular LTE-M, meaning once installed the data is collected and analyzed automatically - no client intervention is required.  We are a permanent non-interrupting solution that does not require people to 'lift and shift' sensors in the field. Our autonomous system also does not require any data, such as GIS layouts, to work, thus providing a true plug-and-play solution. 
Competitor Website
Fido www.fido.tech
iHydrant www.ihydrant.com
Mueller www.muellercompany.com

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

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Name Amount
Amount Left $1,158,760.00
Amount Raised (This Round) $341,240.00
Amount Raise To Date $745K
Investment Type N/A
Type of Raise Equity - Common Shares

Valuation
$4.5M
Friends & Family
$529K
Grant Dollars Awarded
$216K

TAM SAM SOM

TAM
N/A
SAM
N/A
SOM
$104B

Business Stage

Business Stage
Seed

Business Type

Business Types
Investor-Backed

Categories

SaaS
IoT
CleanTech

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Last Updated: 02/06/23