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Venture Capital News: Divirod Lands $3.6M Bridge Fiinancing

2023-08-03
BOULDER, CO, Divirod, the cutting-edge real-time flood management and water risk analytics company, proudly announces the successful closure of a $3.6 million bridge round.
This significant investment is spearheaded by industry leaders GHD, Thin Line Capital, and TDK Ventures. The funding will serve to bolster the company's team, consolidate product definition, strengthen sales and marketing efforts, and AI-driven analytics for water risk prediction.

Divirod's mission is to build the most comprehensive local, national, and global environmental water-data network ever established. The company utilizes cutting-edge technology to rapidly deploy and measure all forms of water with millimeter precision, addressing critical geographic data gaps and augmenting existing, but outdated, sparse, and disparate environmental water-monitoring systems. In the short term, the Divirod network fills data gaps, enabling localized and real-time "speed to knowledge/action" for more-informed emergency responses to protect against impending water risks that threaten properties, economies, and human lives. Over time, the increase in captured data, through the Divirod global network coverage, enhances smarter water-risk decisions and guides critical resiliency initiatives to greatly minimize future water risks.
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