Opti Featured on CNBC
Opti, a Renewal3 portfolio company, is featured in CNBC story on how technology can prevent expensive, catastrophic flooding.
“The potential for companies like Opti is huge. From May through July, much of the East Coast saw rainfall up to three times normal levels, according to the National Oceanic and Atmospheric Administration. Nine of the top 10 years for one-day extreme precipitation events have occurred since 1990, according to the Environmental Protection Agency. The more water, the more expensive the damage.
According to Quigley, nearly a million sites nationwide could use Opti’s technology to control flooding. Opti now has more than 130 systems deployed in 21 states and is in major cities including New York, Pittsburgh and Chicago. Opti’s revenue has grown tenfold in its four years, doubling last year alone, according to Quigley.”