Pluto AI Raises $2.1M in Funding

Pluto AI, a Palo Alto, CA-based smart water management analytics platform, raised $2.1m in funding.

Backers included Refactor Capital (cofounded by David Lee of SV Angel and Zal Bilimoria of Andreessen Horowitz), Fall Line Capital (cofounded by Eric O’Brien of Lightspeed), 500 Startups, Unshackled Ventures, Jacob Gibson (cofounder of NerdWallet), and a few other investors.

The company intends to use the funds to expand operations.

Pluto provides an Artificial Intelligence (AI) powered analytics platform for smart water management, which enables water facilities like treatment plants or beverage processing plants to prevent water wastage, predict asset health, and minimize operating costs by extracting insights from unstructured data in real time to enable operators and managers to take proactive action.