What is Utilis?
Established in 2013 and headquartered in Central District, Israel, Utilis specializes in providing data-driven solutions tailored for water utilities, government agencies, and the broader infrastructure industry. The company leverages synthetic aperture radar (SAR) data from satellites, transforming it into large-scale decision support tools. This innovative approach enables clients to make more informed decisions regarding critical infrastructure management and development.
How much funding has Utilis raised?
Utilis has raised a total of $6M across 1 funding round:
Private Equity
$6M
Private Equity (2021): $6M with participation from Beringea
Key Investors in Utilis
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, focusing on empowering entrepreneurs to build billion-dollar companies. They provide strategic support to their portfolio companies, guiding businesses through various economic cycles and industry shifts.
What's next for Utilis?
The recent major strategic investment signals a pivotal phase for Utilis, likely enabling accelerated scaling of its operations and further development of its advanced SAR data analytics platform. This capital infusion is expected to bolster its market penetration, allowing for expansion into new territories and deepening its relationships with existing clients in the water and infrastructure sectors. The company's focus on leveraging satellite technology for practical decision support positions it for continued innovation and leadership in geospatial intelligence.
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