Belfast-based StormHarvester, an SaaS company specialising in machine learning and analytics for wastewater utilities, has raised €9.7 million to expand its product offerings, bolster its sales and marketing capabilities, and accelerate its growth into new markets, including Australasia and North America, while strengthening its presence in the UK.
The funding round was led by YFM Equity Partners (YFM), with additional investment from Emerald Technology Ventures, a leading in CleanTech venture capital.
“Expensive-to-replace networks, urbanization, climate change, and population growth are putting a huge strain on wastewater systems, and this has resulted in increased flooding and pollution. StormHarvester’s AI solution is solving these problems, identifying issues before they happen and facilitating proactive intervention. Our technology not only improves operational efficiency for utilities but also plays a critical role in reducing pollution, protecting vital water resources, and supporting a healthier environment,” said Brian Moloney, CEO of StormHarvester.
Founded in 2019 by Brian Moloney and Neil Macdonald, StormHarvester has developed an automated water management software platform that leverages machine learning and rainfall prediction to help wastewater utilities optimise sewer network operations and reduce environmental pollution.
By using predictive analytics and anomaly detection, the platform identifies potential issues before they occur, enabling utilities to take proactive measures to prevent flooding and pollution events. This technology significantly contributes to the protection of natural waterways and compliance with environmental regulations.
Since its inception, StormHarvester has become a trusted partner for UK wastewater utilities, with its software adopted by 75% of UK water utility companies. Its ability to detect sewer blockages, monitor pumping station anomalies, and identify inflow and infiltration in sewer networks has resulted in tangible reductions in pollution incidents and improved operational efficiency for its customers.
According to StormHarvester, the rapid adoption of their technology reflects the growing urgency to address the pressures facing wastewater systems, such as urbanisation, climate change, and ageing infrastructure. These challenges are driving demand for smarter, data-driven solutions.
“Having been the first to market in the UK, the StormHarvester team has carved out a market-leading position, expanding to meet ever-growing demand from the utilities sector. The company is now focused on international expansion, and we are excited to be supporting its scale-up. More importantly, we are immensely proud to be associated with a company that is making a tangible difference in reducing pollution and safeguarding our natural waterways. By enabling utilities to proactively manage their networks, StormHarvester’s technology is setting a new standard in environmental stewardship and sustainability,” said Mike Clarke, YFM Partner.
“Utilities today face a slew of challenges from aging infrastructure to resource & funding gaps, however the most daunting are the impacts of climate change, including increased flooding and subsequent pollution events,” said Clayton MacDougald, the Emerald Investment Director who will join StormHarvester’s Board of Directors. “StormHarvester has proven they have the cutting-edge solutions to help customers proactively reduce these events, manage their infrastructure, and gain invaluable insights into improved operations in an efficient manner. Emerald is excited to partner with the amazing team at StormHarvester and lead-investor YFM as the company continues to solve these ever-growing climate issues around the globe.”
StormHarvester’s approach to wastewater management and environmental stewardship sets a benchmark for sustainability in the utilities sector. With fresh investment and a clear vision for international growth, the company is well-positioned to tackle the global challenges of wastewater management while making a positive environmental impact.
Read the orginal article: https://www.eu-startups.com/2025/01/stormharvester-bags-e9-7-million-to-drive-global-expansion-and-tackle-wastewater-challenges/
