Today, a London-based startup, Hero Labs, announced that it has raised £2.5 m (€2.78 m) in seed funding, led by a environmental fund manager, Earthworm Group. Hero labs is developing “smart” technology to help prevent water leaks in U.K. properties. The company received further support via a £300,000 EU innovation grant and a number of unnamed private investors.
In March, leak defense system that can be used to combat water leaks in homes and businesses in real time is launched by the Hero labs. Hero labs will now use this new capital to accelerate development of its first product. Sonic, a smart device, in which ultrasonic technology is used to monitor water use within a property, it also includes the early detection of water leaks.
After, exiting Neos Krystian Zajac, founded Hero labs, in 2018. The thought that smart home technology either was not very smart and did not solve mass problems caused the discovery of this start up. The founder of the Hero labs learned that both financially and environmentally, water wastage was a very costly problem. Most of the property damage in the U.K. is done by water leaks ahead of fires, gas explosions or break-ins combined. The cost of £1 billion has been paid by per year has U.K. insurance industry, apparently.
Approximately, each year 3 bn liters of clean drinking water escapes from faulty pipes. It costs insurers £2.5 m (€2.78 m) per day, or £1 bn (€1.1 bn) per year. Thus, this start-up aims to reduce some of the water wasted each year in the UK. To accelerate this product, Hero Labs plans to use the funding for its product.
You can fit Sonic under a sink. It monitors the use of water using its ultrasonic technology. If there are any irregularities in the water-flow like dripping taps or burst pipes, it then alerts the household. The app alerts the household after the detection and then one can decide, if they want to shut off the home’s water supply from the app. To prevent a water leak damaging the property or its possessions, Sonic can automatically shut off the water supply after reaching to a crucial point.
One more advantage of Sonic is that it’s not wired to the mains, it is operated by a battery.According to the UK Tech News,
Its proprietary radio technology can penetrate as many as eight concrete floors, so it can be installed in basements or other difficult to access spaces where there is no WiFi signal”.
For now, the mass-affluent customers are the main focus of Hero Labs for its product. However, Hamish Neale, commercial director of Hero Labs, wants that this technology should be available to the more proportion of public. Later this year, a full public release of Sonic, targeting consumers and small businesses is planned by the Hero labs. According to CEO Krystian Zajac, who previously worked with smart home insurer Neos, said that:
The company has also been in touch with insurers who “Might subsidize the product or give it away completely for free to certain more affluent customers to minimize the risk of water escape,”
This kind of technology can help for environmental sustainability, also. So we are hoping that it gets into the market and prove solution to many problems.