CIBC Innovation Banking announced that it is providing $8 million debt financing to Aquatic Informatics. The capital will be used by the company to support growth, including strategic acquisitions.
“We are proud to be working with Vancouver-based Aquatic Informatics, a company driving technological change in the global water management system,” said Joe Timlin, managing director of CIBC Innovation Banking Vancouver. “Their mission couldn’t be more important, and we are here to help them achieve it.”
Aquatic Informatics provides software solutions that address water data management and analysis challenges. Backed by XPV Water Partners, the company’s software platform centralizes data, simplifies analysis, automates workflows, predicts issues, shares information, and ensures regulatory compliance. With better water data to analyze, organizations can quickly improve decision making to efficiently deliver safe drinking water.
“With this timely support from CIBC, Aquatic Informatics will be able to more rapidly extend its global reach in pursuit of our mission: to protect life with timely water information,” said Ed Quilty, chief executive officer of Aquatic Informatics.
CIBC Innovation Banking delivers strategic advice, cash management, and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond. According to the company, its team has a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada.
Aquatic Informatics is a software company that delivers solutions to improve the integrity of water data, streamline regulatory compliance, and strengthen resilience. According to the company, it has 1,000 customers that span 60 countries.