Most Americans never think about their water meter until the bill arrives. But for utilities, outdated meters mean missed leaks, slow billing, and little real-time insight into how water moves through their systems. Subeca, a water technology company in Cary, North Carolina, wants to change that, and it has fresh capital to do it.

The company raised roughly $3 million in Series A-2 funding led by Burnt Island Ventures, with Cycle H2O, SUEZ, and several other investors participating, according to an announcement on PR Newswire. The round follows a $6 million Series A in 2024 led by SUEZ, which also included Burnt Island Ventures and Amazon's Climate Pledge Fund.

How Subeca Works

Subeca, led by CEO Anne Mushow, sells a bundled smart meter and software package for utility metering and net-zero sustainability metering. Its communication module, produced in Cary, connects through Amazon Sidewalk, the low-bandwidth network built from Amazon devices that the company says covers more than 90% of the U.S. population, along with parts of Canada and Mexico.

That connectivity choice is the core of Subeca's pitch. Traditional smart meter rollouts often require utilities to build or lease dedicated communications networks, a cost that can put modern metering out of reach for smaller systems. Riding on an existing network lowers that barrier.

The result is real-time data that helps customers track water use, detect leaks and work toward net-zero goals.

Who It Serves

Subeca is live in 23 communities and says it is targeting more than 51,000 U.S. utilities and businesses. The new funding will help it bring real-time meter data to small and medium-sized utilities, as well as hyperscalers, the large data center operators whose water use has drawn growing scrutiny.

CEO Anne Mushow said that "plenty of companies talk about disrupting the water industry," positioning Subeca as one focused on practical deployment.

Christine Boyle, general partner at Burnt Island Ventures, described the company as a "billion-dollar opportunity."

New Strategic Backers

Cycle H2O, a new investor, is led by Simon Olivier and works closely with H2O Innovation. Andrée-Lise Méthot, founder and managing partner of Cycle Capital, highlighted the firm's entry into the round. SUEZ, one of the world's largest water companies, returns as both investor and strategic partner.

Why It Matters

Water infrastructure in the U.S. is aging, and many smaller utilities lack the budgets for large-scale digital upgrades. At the same time, data center expansion is putting new pressure on local water supplies, making accurate, real-time measurement more valuable.

Subeca plans to use the funding to accelerate growth and expand utility adoption across North America. Its market-size claims come from its own announcement, and the company has not disclosed revenue. But its bet on low-cost connectivity tackles one of the biggest obstacles to modern metering, and that could make it an attractive option for thousands of utilities that have been left behind.

Source

PR Newswire — "Subeca Announces Backing by Burnt Island Ventures, Cycle H2O, and SUEZ to Bring Flexible Connectivity to Water Metering"