Digital H2O

Digital H2O operated as a software and analytics firm, carving a niche in the management of water within energy production processes. Founded in Chicago, Illinois, in 2013, the company focused on the oil and gas sector, providing a cloud-based platform to help clients navigate the complexities of water usage and disposal in oilfields. The business model was centered on a Software-as-a-Service (SaaS) offering, enabling energy companies to manage scarce water resources more effectively.

The company's platform was designed to deliver data-driven insights, simplifying the oilfield water landscape for its customers. This digital approach to water management aimed to promote sustainable water use while optimizing operational costs for energy producers. The firm's target clients were primarily companies within the oil and gas industry seeking to better manage their water-related operations through data and analytics. Digital H2O's journey included a seed funding round in April 2014, where it raised $1.27 million.

After several years of operation, Digital H2O was acquired by Sourcewater, Inc. on November 27, 2018. Sourcewater, a provider of oilfield water intelligence, acquired the data and technology of Digital H2O to enhance its own platform. This acquisition integrated Digital H2O's saltwater disposal analytics service and data archives into Sourcewater's existing geospatial water intelligence services, aiming to create a more comprehensive, end-to-end solution for the market.

Keywords: water management software, oilfield water analytics, energy production water use, sustainable water resources, oil and gas SaaS, cloud-based water platform, saltwater disposal analytics, oilfield water intelligence, energy technology, water data management, Sourcewater acquisition, CleanTech, Chicago startup