Reno, Nevada | January 22, 2026 — Klir, a leading operational data platform for water utilities, has announced the successful closure of a $10 million Series B equity funding round and an additional $7.5 million credit facility from Innovation Banking at CIBC, bringing the company’s total new financing to $17.5 million.
The latest investment round is aimed at enhancing long-term balance sheet strength, expanding operational capacity, and supporting Klir’s commitment to providing trusted, durable digital infrastructure for water utilities across North America and global markets.
The Series B equity round saw participation from Insight Partners, Klir’s existing investor that previously led the company’s Series A. The round also included a growth credit facility from CIBC’s Innovation Banking, underscoring Klir’s financial maturity, stability, and operational readiness to scale responsibly.
This mix of institutional equity and non-dilutive capital reflects growing confidence in Klir’s hybrid financing strategy, ensuring flexibility while maintaining founder and employee control of the company.
In an industry where vendor stability and long-term trust are crucial, Klir’s founder-led structure remains a key differentiator.
“This funding allows us to grow without changing who we are,” said David Lynch, Co-founder and CEO of Klir.
“Klir is controlled by its founders and employees — and that matters, especially for utilities choosing a system they expect to rely on for decades. Our focus remains on building durable infrastructure, supporting customers, and investing in our product for the long term.”
This structure allows Klir to prioritize customer outcomes, reliability, and operational confidence over short-term profit or ownership dilution, enabling sustainable growth with strong partner oversight.
The funding reinforces Klir’s role as a foundational infrastructure provider for water utilities as the digital water transformation accelerates across North America.
According to industry estimates, the North American digital water market is projected to grow from $11.5 billion in 2024 to $23.8 billion by 2033, with cumulative investments exceeding $169.5 billion over the next decade.
This growth is being driven by aging water infrastructure, workforce transitions, regulatory pressures, and increasing operational complexity, all of which are fueling demand for connected, enterprise-grade systems like Klir’s.
Building the Future of Water Operations with AI and Data Governance
Klir plans to deploy the new funds to advance its operational data hub and invest in generative AI capabilities built specifically for critical water utility environments, where reliability and compliance are non-negotiable.
These initiatives will focus on:
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Enhancing data security and governance
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Streamlining customer onboarding for faster value delivery
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Expanding AI-powered analytics through Klir’s proprietary generative assistant, Boots
The company currently employs around 60 team members and plans to expand significantly in 2026, focusing on engineering, customer success, and product development to meet rising demand from utilities across multiple geographies.
A Stable, Independent Growth Model
Klir’s funding approach enables it to maintain independence while scaling with discipline. Without external pressure from large corporate owners or private equity firms, the company continues to invest in long-term infrastructure development, customer-driven innovation, and product reliability — the hallmarks of enterprise-grade software trusted by water utilities worldwide.
About Klir
Klir is a digital operations and compliance platform for water utilities that centralizes data across multiple programs to deliver a single source of truth. By integrating workflows for compliance, operations, and reporting, Klir helps teams reduce administrative burden, mitigate risks, and enhance operational continuity.
The platform’s AI-powered assistant, Boots, provides intelligent insights and automation, enabling utilities to operate efficiently, securely, and with greater confidence. Klir’s mission is to help utilities manage water smarter — for people, businesses, and the planet.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.