Growing up in India, clean water was always top of mind for entrepreneur Meena Sankaran. “My mom would boil the water three times [a day] for cooking and four times for drinking,” she says.
Sankaran, who came to the U.S. in 2002 to pursue graduate studies, is now the founder of Ketos, a 5-year-old startup in Milpitas, California, that provides real-time intelligence on water usage and safety — and aims to prevent water crises like the one a few years back in Flint, Michigan.
The venture has raised about $15 million and now counts the Southern Nevada Water Authority and Las Vegas Valley Water District among its clients.
Especially in the U.S., “we take water for granted,” Sankaran says. Many people are unaware of research that has found that over 170 million Americans are exposed to radioactive elements and carcinogens in their drinking water. “And I don’t think people realize, if we don’t take care of such a very precious resource like water, we are not going to leave much for the generations ahead.”
[Related: This Landscape Architect Is Committed to Saving Coastal Communities]
How She Started
An electrical engineer by training, Sankaran learned about big data management while working at a software startup in the San Francisco Bay area. By 2013, she felt “pretty confident” she wanted to launch her own venture. “It was just not very clear exactly what,” she says.
Knowing that she wanted to make an impact, Sankaran shortlisted three ideas. “It had to be either the air we breathe, the food we eat or the water we drink,” she says. It had to be meaningful, “otherwise I could just remain working for another company.”
Before diving into a startup, Sankaran — who had basically worked nonstop since graduating in 2004 — took a few months off to backpack in the Himalayas. There, a day before hitting base camp, an earthquake hit. Sankaran was trapped for a week before being airlifted out. “It was very reflective because for six days you are stranded there and you’re boiling snow and drinking water,” she says. “And water just became more and more and more top of mind at that instant.”
And that was it. Coming back to the U.S., Sankaran decided: ” I’m going to focus on water monitoring and how can I derive the intelligence and data for people to make limitless decisions and revolutionize the way people think about water.”
[Related: Saving Our Oceans, One Load of Laundry at a Time]
Where She Is Now
Nobody, with the exception of her parents, thought her idea of “digitizing” water was a good one. “The water industry is one of the oldest legacy industries, that is slowest in terms of innovation,” she says. Big potential customers — like agricultural operations and municipalities — would need serious convincing, as would investors.
Initially, Sankaran bootstrapped her startup, developing sensors to measure water quality and building a smart system to gather data and send it to a communication platform. But Ketos would need capital in order to scale, especially since it’s developing its own proprietary patented hardware and software. Sankaran knew she had numerous strikes against her: She hadn’t run a startup before, she hadn’t worked at Amazon or Google, she hadn’t attended MIT or Yale, and she was a solo female founder. “I got a lot of, ‘Such a noble cause, you’re so passionate about it,'” she says.
Finally, an investor took a chance: Heidi Patel, from Rethink Impact, a venture capital firm that specifically invests in women using technology to tackle the world’s biggest problems. After that, more investors signed on — and Ketos closed a Series A round of $9.3 million in February 2019.
Today, Ketos is now a 40-person startup that is getting ready to close a Series B round. It’s also weathering the Covid crisis, though Sankaran admits that pay cuts were needed to avoid layoffs. Fortunately, she says, “I am not someone who panics. We’re definitely surviving.”
And Sankaran continues to look ahead, to all that she hopes Ketos will accomplish. The company has already collected more than 13 million data points that cities, government agencies, developers, consumers and even other startups might use to identify future water problems, such as groundwater contamination, leaks or exposure to climate change. “Water is a human right,” she says. “The opportunity is enormous.”
[Related: Because ‘There’s Not a Lot of Time Here.’ 8 Reasons Why Women Ecopreneurs Want to Save the Earth]
The post Her Startup Has Raised $15 Million to Make Water Safer and Cleaner appeared first on The Story Exchange.
Author: Colleen DeBaise
Source : https://thestoryexchange.org/her-startup-has-raised-15-million-to-make-water-safer-and-cleaner/
Date : 2020-09-09T11:00:38.000Z