StormHarvester Raises £8.4M to Revolutionise Wastewater Management with AI Analytics

[James]

A Game-Changer for Wastewater Utilities

StormHarvester, a Belfast-based technology provider that helps water companies optimise sewer network management, has secured £8.4 million in Series A funding. The investment was led by YFM Equity Partners, with participation from existing investors and Emerald Technology Ventures. This funding will accelerate StormHarvester’s expansion into new markets and support the development of its cutting-edge AI-driven solutions.

 

 

StormHarvester’s Innovative Technology

1. Automated Water Management

Launched in 2019, StormHarvester’s SaaS platform uses:

• Machine Learning and Rainfall Prediction: To identify blockages and anomalies in pumping stations.

• Proactive Maintenance: Enabling water companies to address issues before pollutants are released, significantly reducing the frequency of pollution incidents.

2. Environmental Impact

StormHarvester’s technology helps utilities:

• Comply with stringent environmental standards.

• Safeguard ecosystems by reducing pollution and flooding.

 

 

Milestones and Adoption

Rapid Growth

• Since winning its first formal tender in 2019, StormHarvester has:

  • Onboarded 75% of UK water utility companies.

  • Established itself as the first-to-market provider of AI solutions for wastewater management in the UK.

Addressing Global Challenges

StormHarvester is tackling issues such as:

• Urbanisation and population growth.

• Climate change-driven pressures on wastewater systems.

• The increasing need for sustainable infrastructure solutions.

 

 

Funding Allocation and Strategic Goals

Expanding Product Range

StormHarvester will enhance its SaaS platform with:

• New features to improve operational efficiency for utilities.

• Advanced tools to further reduce pollution and flooding risks.

Scaling Globally

The funding will support:

• Expansion into Australasia and North America.

• Building sales and marketing capabilities to meet international demand.

 

 

Statements from Leadership

Brian Moloney, CEO of StormHarvester

"With YFM’s backing, we can take our highly accurate technology to new territories with the aim of improving wastewater management globally. Our AI solution identifies issues before they happen, facilitating proactive intervention and protecting vital water resources."

Mike Clarke, Partner at YFM Equity Partners

"StormHarvester has carved out a market-leading position in the UK utilities sector. We are proud to support their scale-up journey as they expand internationally and set new standards in environmental stewardship and sustainability."

 

 

The Future of Wastewater Management

Leading the Way in Sustainability

StormHarvester’s AI-driven solutions are:

• Transforming how utilities manage wastewater systems.

• Setting new benchmarks for environmental responsibility and operational efficiency.

Supporting Global Utilities

By expanding into new markets, StormHarvester aims to:

• Empower utilities worldwide to proactively manage their networks.

• Contribute to healthier environments and more sustainable water management practices.