Irish Water Software Compliance Provider Klir raises $3.1m growth round

Klir, the world’s leading total water assurance software platform for all water authorities has doubled growth quarter over quarter and raised a $3.1m growth round with industry-leading enterprise vertical investors like Bowery, Spider Capital, and SaaS Ventures. The funding will go towards expanding the team in their recently announced Nevada Headquarters to keep up with growing customer demand.

The platform is the first to act as a central and automated hub to reduce the burden of administration and compliance which accounts for over 60% of all labor effort in a water authority. The escalating water crisis coupled with increasing financial constraints is a major contributor in the industry turning to technology like Klir for help.

David Lynch, CEO at Klir said “Water is now recognised as the number one global challenge facing species. The good news is that the people tackling this issue are some of the most incredibly talented scientists, engineers, and professionals the world has to offer.  Klir will play a critical role in enabling these dedicated professionals to solve this problem for generations to come. By having partners such as Bowery and Spider Capital we now have the best names in the business advising us on how to scale rapidly. Ultimately, this will allow us to help as many of these dedicated water professionals as possible, as quickly as possible..” 

In parallel with the new funding, Klir signed five new enterprise customers, designating Klir as the complete system of record for their authorities. The new multi-year contracts span across the US and Canada as well as Queensland authority (Australia) which results in Klir being used to make water safer and more secure for more than 20 million people worldwide.

Loren Straub of Bowery Capital noted “Water authorities and the broader water market represent a significant untapped vertical software opportunity, an area of focus for Bowery Capital. Klir is an exciting addition to our portfolio because it is led by a team of industry experts, passionate and driven by the end-user needs. The transformative upgrade to the existing way of working that Klir brings has demonstrated immediate value in the form of time and money savings for water authorities”.

David Lynch, CEO at Klir added, “Working internationally with world-class water providers, we know the industry is at an inflection point. Smart water is now the standard but software to manage the myriad of systems is completely absent and we have been relying on software from other industries to plug the gap. It was overdue that a group of highly specialised and dedicated water technologists built a product for end to end water management, simply, easily and affordably.”

Customer confidence is crucial to the ongoing success of a water authority’s mission and, with Klir protecting this customer trust by making sure all the necessary paperwork and tasks are not missed, water authorities are recognising the value of operating free from worry.

This sentiment was echoed by Dave Johnson of the Southern Nevada Water Authority, “Klir is unlike any technology we have seen on the market before, and their deep-rooted knowledge and experience helps us remain compliant in the regulatory environment as we manage diverse permitting processes. The consistent treatment and delivery of high-quality water are critical to our community and our economy, and software like Klir helps us to do that effectively and efficiently.”