{"id":4519,"date":"2017-04-05T02:42:19","date_gmt":"2017-04-05T02:42:19","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/pluto-ai-raises-2-1-million-to-bring-intelligence-to-water-treatment.html"},"modified":"2017-04-05T02:42:19","modified_gmt":"2017-04-05T02:42:19","slug":"pluto-ai-raises-2-1-million-to-bring-intelligence-to-water-treatment","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/pluto-ai-raises-2-1-million-to-bring-intelligence-to-water-treatment.html","title":{"rendered":"Pluto AI raises $2.1 million to bring intelligence to water treatment"},"content":{"rendered":"


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Former 500 Startups<\/a> accelerator company Pluto AI\u00a0<\/a>is announcing $2.1 million in fundraising today from\u00a0Fall Line Capital<\/a>, Refactor Capital<\/a>, Unshackled Ventures<\/a>, Comet Labs<\/a> and additional angels.\u00a0Pluto is taking\u00a0advantage of the sensorification of modern water treatment plants to extrapolate insights that can save operators\u00a0precious time, money and water.<\/p>\n

The Pluto analytics platform\u00a0presents managers with a dashboard that quantifies the status of all assets at a given water treatment plant. These ratings, ranging from\u00a00 to 100, take into account temperature and pressure readings in addition to other data from pumps and chlorinators to identify cause and effect relationships.<\/p>\n

Machine learning is the backbone behind Pluto\u2019s ability to ingest large quantities of unstructured data, but the end user isn\u2019t forced to get into the weeds of individual models to gain a better understanding of how plant assets are working in\u00a0consonance.<\/p>\n

Utilizing historical data, Pluto can directly recommend steps\u00a0to improve the functioning of plant infrastructure. This information is prescribed with assigned priority levels so that a human can step in and take the appropriate action.<\/p>\n

\"\"<\/p>\n

The Pluto AI platform turns data into intuitive analytics.<\/p>\n

Initially, I was curious why Pluto wouldn\u2019t target its monitoring solution toward more valuable liquid assets like oil \u2014 yes, I know, but it\u2019s a valid question to have. In short, the value of oil and other commodities has already created a lot of competition in the monitoring space. And Pluto ultimately would need significant retooling to carry over to the new market. Pluto can determine 50-70 percent of plant failures because it has been trained and optimized for water data.<\/p>\n

\u201cWater is a specialized vertical,\u201d notes Prateek Joshi, founder of Pluto AI. \u201cYou cannot build a generic platform for water, you need to understand the problems being\u00a0faced.\u201d<\/p>\n

The good news for Pluto is that its market isn\u2019t limited to municipal water treatment plants. Large beverage producers, manufacturers and power companies all use copious amounts of water that need management. Joshi explains that while the cost of water is low, it\u2019s a\u00a0proxy for\u00a0asset failure, which is why these businesses are willing to pony up for expensive sensors and data analytics solutions like Pluto.<\/p>\n

\"\"<\/p>\n

Assets are complex, and many managers must monitor infrastructure across multiple plants.<\/p>\n

IBM\u2019s\u00a0Intelligent Water platform<\/a> serves a similar purpose, and has the reach to lock down large municipal deals. But Pluto is finding niche market space by targeting plants interested in low-risk pilot programs and corporations that have a vested interest in saving water. These markets are generally easier for startups to play in because they lack longer and more rigorous government sales cycles and procurement processes.<\/p>\n

TaKaDu<\/a>, an Israeli water management startup, has raised just shy of $14 million, according to PitchBook<\/a>, to compete in the space alongside Pluto. It was founded in 2008 and services water providers in London, England and the\u00a0Antofagasta region of\u00a0Chile.<\/a><\/p>\n

With the new capital, Pluto plans to grow its enterprise sales team to scale its new platform in the marketplace.<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/OHX5xuQ0eEA\/<\/p>","protected":false},"excerpt":{"rendered":"

Former 500 Startups accelerator company Pluto AI\u00a0is announcing $2.1 million in fundraising today from\u00a0Fall Line Capital, Refactor Capital, Unshackled Ventures, Comet Labs and additional angels.\u00a0Pluto is taking\u00a0advantage of the sensorification <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-4519","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t