Waterplan is a sustainability software-as-a-service (SaaS) platform that enables enterprises to measure, respond to, and report water risks. The company's technology integrates various data sources, including satellite imagery, climate change data, local catchment conditions, facility data, streamflow, and groundwater data. This comprehensive data consolidation allows Waterplan to quantify how water risks, such as scarcity, quality, floods, reputational issues, infrastructure challenges, and regulatory changes, can impact business continuity across operations and supply chains.
Waterplan's platform leverages artificial intelligence models to assess potential adaptation or mitigation strategies, empowering organizations to make informed decisions and implement targeted risk management strategies. The company's software helps water-intensive industries ensure their current or future operations are not affected by drought and monitor and replenish the watersheds and aquifers they rely upon.
In March 2024, Waterplan formed a strategic partnership with Kurita Water Industries, a global leader in water treatment solutions, to accelerate water security for Japanese enterprises. Through this collaboration, Waterplan's technology and Kurita's water treatment expertise provide a comprehensive approach for organizations to achieve water security, establish effective water strategies, and meet compliance and disclosure requirements.
In May 2023, Waterplan secured USD 11 million in an oversubscribed Series A funding round, bringing its total venture capital raised to USD 18.5 million. The company aims to bolster its research and development efforts, enhance its product platform, and expand its global presence.
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