Fracta

Fracta is a company that has developed a software-as-a-service (SaaS) platform that uses artificial intelligence and machine learning to assess the condition of water distribution mains. The company's technology calculates and visualizes the Likelihood of Failure (LOF) for each segment of a water main pipe, enabling water utilities to make informed decisions about maintenance, repairs, and replacement.

Fracta's business model is based on providing its software to water utilities, which are its primary clients. The company operates in the water infrastructure market, a sector that faces significant challenges due to aging infrastructure and the high cost of replacement. By providing a tool that can predict failures and help prioritize investments, Fracta helps utilities to optimize their capital expenditures and reduce the risk of water main breaks.

The company makes money by charging utilities a subscription fee for its SaaS platform. This model provides a recurring revenue stream and allows the company to continuously update and improve its software. Fracta was acquired by Kurita Water Industries, a global water treatment company, which provides it with additional resources and market access.

Keywords: water infrastructure, asset management, artificial intelligence, machine learning, predictive analytics, SaaS, water utilities, risk assessment, infrastructure maintenance, environmental engineering