Flume

Overview
Activities
News
Smart Homes: Energy & Water Solutions?
Product stageSegments
Early
?
Home water monitoring and management
?

Flume is a technology company that provides innovative water monitoring solutions for residential homes. Their flagship product, the Flume Smart Water System, consists of an easy-to-install sensor that seamlessly integrates with existing home water meters. This system empowers homeowners by providing real-time insights into their water consumption, enabling them to conserve water, save money, and protect their homes from costly leaks.

The Flume Smart Water System leverages advanced data analytics to offer detailed breakdowns of water usage across various appliances and fixtures, such as toilets, showers, faucets, and irrigation systems. By monitoring water flow patterns continuously, the system can detect and alert homeowners to potential leaks, enabling prompt action to mitigate water waste and prevent water damage. Additionally, Flume provides customizable water budgets and insights to help households optimize their water usage and reduce their environmental footprint.

In June 2023, Flume secured a significant investment from HCAP Partners, a California-based private equity firm focused on impact investing. This investment represented a milestone for the company, enabling it to scale its business and further innovate its water monitoring technology.

Flume's solutions have gained recognition from water utilities and governmental agencies for their effectiveness in promoting water conservation. In a Northern California water district, Flume customers achieved a 17% net reduction in water usage compared to a control group. During severe droughts, utilities have successfully deployed Flume devices at a large scale to help reduce water consumption across communities.

In May 2023, Flume announced a partnership with Rain Bird Corporation, a leading manufacturer of irrigation products. This collaboration aims to deliver advanced whole-home water management solutions by combining Flume's smart home water monitoring technology with Rain Bird's intelligent irrigation controllers. The integrated system will enable homeowners and water agencies to accurately measure and optimize water usage, including irrigation, leading to substantial water savings.

Flume's innovative approach to water monitoring and conservation has garnered recognition and accolades from industry experts and customers alike. As of 2023, the company had installed tens of thousands of devices across the US, solidifying its position as a leader in the residential water management market.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
San Luis Obispo CA USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 7.5 mn
Last Funding:
-
Last valuation:
-
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