Newswire Agents of Tech

RET Ventures Leads $7.5M Series A in Conservation Labs

Conservation Labs, an artificial intelligence (AI) company that developed a platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage, has raised a $7.5 million Series A funding round. The round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.

Conservation Labs was founded out of a desire to merge analytic innovation with environmental stewardship. The company’s flagship product, H2know, is focused on water conservation. With over 5 trillion gallons of unwanted water use across the globe, water conveyance and use drive up to 3 gigatons of CO2 emissions annually and consume up to 8% of energy use. Those trillions of gallons equate to more than $100 billion of wasted expenses for building owners and residents.

Conservation Labs addresses the problem with a novel solution. In 2021, the company unveiled H2know, a smart sensor that attaches to water pipes in residential, multifamily and commercial buildings and listens to the sound going through the pipes. Using proprietary machine learning trained on thousands of hours of pipe acoustics, H2know translates those sounds into actionable water insights, leak alerts and custom conservation recommendations. The sensors can monitor individual units or entire buildings, providing remote visibility and insights as well as critical leak alerts.

“Since unveiling H2know in 2021, we are helping clients reduce their water use by 20% or more, but the larger impact of our technology has been even greater,” said Mark Kovscek, founder and CEO of Conservation Labs. “In a typical building, water is one of the largest consumers of energy; by reducing water usage our technology has also enabled buildings to cut their energy costs in a significant way. With this funding in hand, we’re excited to accelerate H2know deployments as well as build out other product lines that leverage our AI-powered edge to cloud platform.”

To further its mission, Conservation Labs employed its AI platform to develop Sustainable Machines, a product suite that assesses the condition of machinery. By interpreting a machine’s sound profile, the product delivers operational insights and predictive maintenance recommendations, thereby reducing maintenance costs and extending the machinery’s life. With early adopters of Sustainable Machines generating an ROI over 100% through increased maintenance efficiency and improved uptime, the company has already sold nearly 10,000 sensors across the country.