What is Rachio?
Founded in Denver in 2013, Rachio is at the forefront of integrating residential water management with technology, aiming to make sustainable water usage effortless and rewarding. The company pioneered the smart sprinkler controller and remote watering app, now in its third generation. Rachio's technology automatically delivers the optimal amount of water to yards, contributing to substantial water savings for homeowners, estimated in the billions of gallons.
How much funding has Rachio raised?
Rachio has raised a total of $29.8M across 5 funding rounds:
Private Equity
$2.5M
Series A
$7.1M
Private Equity
$9.8M
Series B
$10M
Debt
$350K
Private Equity (2014): $2.5M, investors not publicly disclosed
Series A (2015): $7.1M, investors not publicly disclosed
Private Equity (2017): $9.8M, investors not publicly disclosed
Series B (2018): $10M, investors not publicly disclosed
Debt (2020): $350K backed by PPP
What's next for Rachio?
The recent major strategic investment suggests Rachio is poised for significant expansion and further technological development. This enterprise-level funding will likely fuel advancements in smart home water conservation, potentially broadening its market reach and enhancing its product ecosystem. The company's trajectory indicates a strong focus on scaling its operations and solidifying its position as a leader in the smart home water technology market.
See full Rachio company page
