Water Surveillance
Water Surveillance makes an alarm and monitoring performance in relation to reducing the costs associated with water and moisture damage.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
DKK5.1m | Seed | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Water Surveillance, established in 2012 in Denmark, developed cloud-based systems for the real-time monitoring of moisture and temperature levels within buildings. The company's core business focused on providing solutions for the damage services sector, enabling clients to wirelessly collect crucial data on air humidity and temperature. This data was made available online through various user interfaces, allowing for the effective control and management of water-damaged properties. The company's systems represented a move towards digitizing property damage assessment and restoration.
The firm operated with a Software as a Service (SaaS) model, providing its technology to clients in the damage control and building maintenance industries. Its market position was within the CleanTech, Industrials, and Internet of Things (IoT) verticals. In November 2013, Water Surveillance secured an early-stage Venture Capital funding round, indicating investor confidence in its business model and technology. This was followed by an acquisition by Dansk Industri Invest on June 1, 2017, which marked a significant milestone for the company and its transition from a venture-backed startup to an acquired entity.
The technology developed by Water Surveillance centered on wireless sensor networks that collected environmental data inside buildings. The primary features included real-time data delivery on air humidity, temperature, and the presence of water, which are critical parameters for managing and mitigating water damage. The key benefit for clients, such as damage service companies, was the ability to remotely and continuously monitor affected buildings, leading to more efficient resource allocation and potentially reducing the costs associated with restoration. The online accessibility of the data provided a transparent and immediate overview of the situation within a structure.
Keywords: building monitoring, moisture detection, temperature monitoring, damage services technology, cloud-based data, real-time monitoring, wireless sensors, property technology, environmental monitoring systems, humidity control, SaaS for buildings, IoT solutions, water damage control, building data analytics, remote property surveillance, CleanTech, industrial monitoring, venture capital-backed, Dansk Industri Invest, building restoration tech