Olea Edge Analytics
fund manager
sector
Technology and Software
geography
North America
Vintages
status
Transfer
category
#ImpactPositive

Olea Edge Analytics

Co-invested company
Olea Edge Analyttics uses AI and IoT sensors to help utilities reduce water loss and optimize water meter management, improving operational efficiency and maximizing revenue.
Olea team, part of the Private Equity manager's portfolio Insight Partners

Key figures for Olea Edge Analytics

2
country
+ 60
employees
2014
year established
1 M$
savings achieved by the City of Atlanta in less than a year thanks to Olea
Data at
2/9/24
*Source: Public data from company websites and social networks. For the most up-to-date information, we invite our investors to consult the reports available in their own space.

About Olea Edge Analytics

Olea Edge Analytics stands out for its technological expertise in the service of sustainability and equity in water distribution systems.

Founded in Texas, the company is positioned as a strategic partner to utilities, offering solutions to optimize water conservation, distribution and billing, generating significant savings for American communities.

Placing its footprint in the field of "smart water" for "smart cities", Olea Edge Analytics tackles major challenges such as aging infrastructures and cost containment for taxpayers. Its Internet of Things (IoT) technology is based on smart water meters interacting with its innovative software, enabling real-time detection of anomalies and offering recommendations for relevant solutions.

Dave Mackie, President and CEO of Olea Edge, highlights the multiple challenges facing cities and water utilities, including financial, operational and recruitment issues.

In 2018, Olea Edge initiated a successful partnership with the City of Atlanta, launching a pilot program with 29 water meters. In a remarkably short space of time, the company identified over $1 million in recoverable revenue for the city's water department.

Encouraged by these results, the initiative quickly expanded to 700 meters. In less than a year, the program saved the Atlanta community $10 million, demonstrating the significant and tangible impact of Olea Edge Analytics solutions.

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