Divirod, a Boulder-based company providing real-time flood management and water risk analytics, recently secured $3.6 million in bridge funding. GHD, Thin Line Capital and TDK Ventures led the raise.
The funding will be used to expand the company’s team, consolidate product definition, strengthen sales and marketing efforts and develop AI-driven analytics for water risk prediction. Divirod’s Flood Early Warning and Monitoring product continuously monitors locations on-site 24/7 using a network of sensors. Users receive instant alerts via email and text messages of impending floods, giving companies an advantage in on-premise tracking.
Divirod aims to address the economic and social impact of water-related disasters like floods, storms and droughts. The company's vision is to establish comprehensive local, national and global water-data networks. Its solution serves sectors including real estate, insurance, and state and local governments.
