Accenture Invests in KETOS to Advance Water Intelligence Through Real-Time Monitoring
November 30 2022 - 07:59AM
Business Wire
Accenture (NYSE: ACN) has made a strategic investment, through
Accenture Ventures, in KETOS, Inc., a data intelligence innovator
that uses a proprietary technology platform to help organizations
monitor and address water efficiency and quality. KETOS is the
latest company to join Accenture Ventures’ Project Spotlight, an
engagement and early investment program that connects emerging
technology startups with the Global 2000 to enhance the strategic
capabilities of Accenture, its ecosystem partners, and its
clients.
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Accenture has made a strategic
investment, through Accenture Ventures, in KETOS, a data
intelligence innovator that helps organizations monitor and address
water efficiency and quality. (Graphic: Business Wire)
As global demand for water continues to rise across agriculture,
industrial and municipal processes and applications, over $80
billion is spent on water testing and compliance annually around
the world. That number is expected to increase sixfold to a
staggering $475 billion by 2030 as current methods of measuring
water quality remain costly, laborious, and often inefficient.
With nearly $40 million in investor backing, KETOS’ mission is
to solve this problem using a combination of robotics, data science
and its software as a service (SaaS) platform to provide
cost-effective and real-time water quality data through a 24/7
monitoring system. The company recently expanded its offerings to
develop KETOS SHIELD, which monitors across more than 30
parameters, including a breakthrough with heavy metals like lead,
copper and other constituents like ammonia, nitrates, sulfates and
more, that are particularly important to determining the health and
safety of drinking water.
“Water is a mission-critical issue that can create environmental
crises if its value is undermined, but if managed intelligently and
efficiently, it can also aid in solving for these crises and
predicting others before they even occur,” said Tom Lounibos,
managing director, Accenture Ventures. “For businesses to ensure
they are using this scarce resource effectively, they need to be
able to measure and monitor water quality instantaneously.
Companies like KETOS can help manage the flow of data for our
clients and partners as they continue to seek better measurement
tools and capabilities to deliver on the promise of
sustainability.”
KETOS founder and CEO Meena Sankaran added, “The quest for clean
water is no longer a pipe dream. Stakeholders can use KETOS to
easily access water quality data in real-time and turn it into
insights-driven decisions that can positively impact efficiency,
operations, yield, compliance, treatment and much more. By working
with Accenture, we can increase our operations to drive safe and
sustainable water production globally.”
Industries leverage KETOS’ technology in pre-and post-water
treatment, for monitoring and reporting, providing a fully
automated as-a-service “lab in the field.” For instance:
- The agriculture industry is using KETOS to create safer crops,
improve grow quality with better nutrient blends and increase water
reuse in open fields with ground water and controlled
environments.
- The mining industry can reduce compliance violations by using
KETOS SHIELD to remotely monitor water quality while also saving on
labor hours and managing their brand across their communities.
- With industry standard lab accuracy, manufacturing plants and
municipalities use KETOS to automate water quality testing and
ensure they are complying in real-time, allowing them to be
proactive rather than reactive to potential problems without
compromising affordability.
“Public and private sectors benefit from real-time water quality
monitoring as a critical component of the world’s water
stewardship,” said Jennifer Helle, lead for North America Chemicals
and Natural Resources at Accenture. “KETOS’ as-a-service water
monitoring capability using real-time analysis can help industrial
organizations reduce the cycle time of their water testing and
drive a faster path to our collective sustainability goals.”
KETOS is a participant of Unreasonable CHANGE, a strategic
collaboration between Accenture and Unreasonable, which aims to
support social entrepreneurs profitably addressing key
environmental issues facing businesses today. KETOS is the latest
in Accenture’s Project Spotlight investments focused on
sustainability, which include hyperspectral satellite company
Pixxel and pulsESG, Inc. Accenture has also completed five
sustainability-focused acquisitions in the last year, which comes
in addition to the company’s significant expansion of its global
capabilities through investing in its people and recruiting top
talent.
Peter Lacy, Accenture’s global Sustainability Services lead and
chief responsibility officer, added: “Our investment in KETOS
reflects Accenture’s commitment to embedding sustainability in
everything we do to drive value, impact and competitiveness. Water,
biodiversity and sustainable agriculture are critical issues, and
we look forward to working with KETOS to apply their capabilities
in areas such as supply chain and digital manufacturing, while also
identifying potential new partnerships with other organizations
focused on water quality.”
Terms of the investment were not disclosed.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Technology and Operations
services and Accenture Song—all powered by the world’s largest
network of Advanced Technology and Intelligent Operations centers.
Our 721,000 people deliver on the promise of technology and human
ingenuity every day, serving clients in more than 120 countries. We
embrace the power of change to create value and shared success for
our clients, people, shareholders, partners and communities. Visit
us at accenture.com.
About KETOS
KETOS delivers smarter, safer, and more sustainable water
solutions to change the way the world thinks about water. This is
done through a comprehensive offering of industrial-grade patented
hardware, an IoT communication framework, and a robust software
platform to address global water management issues. Real-time
monitoring and understanding of water, both quantitatively and
qualitatively, helps address both water efficiency (leak-detection
& usage) and water quality (safety), ultimately increasing
water availability. With the power of actionable and predictive
water intelligence on a global scale, KETOS seeks to solve a number
of the world’s water challenges with the goal of preserving this
quintessential resource for generations to come. Learn more at
http://www.ketos.co/.
Copyright © 2022 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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version on businesswire.com: https://www.businesswire.com/news/home/20221130005081/en/
Alexander Aizenberg Accenture +1 917 452 9878
alexander.aizenberg@accenture.com
Christian Harper Accenture +1 917 452 4417
christian.harper@accenture.com
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