About Alert Labs
Alert Labs is a company based in Kitchener (Canada) founded in 2015 was acquired by Watsco in October 2018.. Alert Labs has raised $30 thousand across 3 funding rounds from investors including Watsco, Intact Ventures and BDC. The company has 72 employees as of March 29, 2024. Alert Labs offers products and services including AlertAQ™ Platform, Flowie-O Water Flow Sensor, Floodie Flood Sensor, Shuttie Auto Water Shut-Off Valve, and Humie Humidity & Temperature Sensor. Alert Labs operates in a competitive market with competitors including Flo Technologies, FIDO, Phyn, Banyan Water and OleumTech, among others.
- Headquarter Kitchener, Canada
- Employees 72 as on 29 Mar, 2024
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Sectors
TechnologyEnvironment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Alertlabs India Private Limited
- Date of Incorporation 03 Jan, 2017
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$1.77 M (USD)23.18as on Mar 31, 2022
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Net Profit
$125.75 K (USD)14.19as on Mar 31, 2022
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EBITDA
$177.82 K (USD)16.63as on Mar 31, 2022
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Total Equity Funding
$30 K (USD)
in 3 rounds
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Latest Funding Round
$30 K (USD), Seed
Dec 19, 2017
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Investors
Watsco
& 5 more
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Employee Count
72
as on Mar 29, 2024
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Acquired by
Watsco
(Oct 10, 2018)
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Products & Services of Alert Labs
Alert Labs offers a comprehensive portfolio of products and services, including AlertAQ™ Platform, Flowie-O Water Flow Sensor, Floodie Flood Sensor, Shuttie Auto Water Shut-Off Valve, and Humie Humidity & Temperature Sensor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered system for water and A/C intelligence in buildings
Device to detect and monitor water flow for leak prevention
Tool for identifying water leaks and flooding in facilities
Automatic valve to stop water flow during detected leaks
Sensor for tracking humidity and temperature in buildings
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Funding Insights of Alert Labs
Alert Labs has successfully raised a total of $30K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $30 thousand completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $30,000
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First Round
First Round
(23 Nov 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Seed - Alert Labs | Valuation | Accelerator Centre |
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| Apr, 2017 | Amount | Seed - Alert Labs | Valuation |
investors |
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| Nov, 2016 | Amount | Grant - Alert Labs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alert Labs
Alert Labs has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Watsco, Intact Ventures and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location | |
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Garage.com is operated as a platform connecting customers to garage door service providers.
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Founded Year | Domain | Location | |
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Investments in venture capital, private equity, and real estate are conducted by Hedgewood using its own capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alert Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alert Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alert Labs Comparisons
Competitors of Alert Labs
Alert Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flo Technologies, FIDO, Phyn, Banyan Water and OleumTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Connected water-monitoring solution for smart home applications
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| domain | founded_year | HQ Location |
AI-driven SaaS solutions for acoustic leak detection are offered.
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| domain | founded_year | HQ Location |
Connected water pressure monitoring system for smart homes
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| domain | founded_year | HQ Location |
Smart water management solutions are offered for usage optimization.
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| domain | founded_year | HQ Location |
Provider of connected sensors
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alert Labs
Frequently Asked Questions about Alert Labs
When was Alert Labs founded?
Alert Labs was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Alert Labs located?
Alert Labs is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Alert Labs a funded company?
Alert Labs is a funded company, having raised a total of $30K across 3 funding rounds to date. The company's 1st funding round was a Grant of $100K, raised on Nov 23, 2016.
How many employees does Alert Labs have?
As of Mar 29, 2024, the latest employee count at Alert Labs is 72.
What is the annual revenue of Alert Labs?
Annual revenue of Alert Labs is $1.77M as on Mar 31, 2022.
What does Alert Labs do?
Alert Labs was founded in 2015 in Kitchener, Canada, focusing on the IoT sector for residential water and environmental monitoring. Sensors are provided to detect basement issues such as water leaks, floods, power outages, and temperature fluctuations, with alerts sent when thresholds are exceeded. Products include water flow, furnace, water softener, sump pump sensors, and flood detectors, connected via cellular networks for real-time dashboard access without internet dependency.
Who are the top competitors of Alert Labs?
Alert Labs's top competitors include FIDO, Phyn and Flo Technologies.
What products or services does Alert Labs offer?
Alert Labs offers AlertAQ™ Platform, Flowie-O Water Flow Sensor, Floodie Flood Sensor, Shuttie Auto Water Shut-Off Valve, and Humie Humidity & Temperature Sensor.
Who are Alert Labs's investors?
Alert Labs has 6 investors. Key investors include Watsco, Intact Ventures, BDC, Accelerator Centre, and Garage.com.
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