Tuesday, February 13, 2018

Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

Torrance-based Phyn, the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations. Phyn has developed technology which allows for monitoring of the water usage of an entire house, from only a single connection to the main water line of a house. The company's technology uses pressure sensing and machine learning to monitor for leaks, monitor individual usage of fixtures, and much more. Phyn says its debut product, Phyn Plus, will also include automatic shutdown of a house's main water supply when a leak is detected. Uponor is a major supplier of plumbing supplies for the residential and commercial market. According to Phyn, its debut product will ship in late spring, and will cost $850, with installation through Uponor's service arm, Uponor Pro Squad.