AUSTIN, Texas--(BUSINESS WIRE)--Olea Edge Analytics, an intelligent edge computing platform for the water utility industry, today announced the closing of $35 million in Series C funding led by New York-based global private equity and venture capital firm Insight Partners. The company intends to use the funds to accelerate hiring across all departments and further develop their AI and edge computing-based solutions to help utilities manage water. A full suite of sensors combined with advanced analytics monitor and manage each component throughout the network, giving utility departments previously unavailable insights and recommendations on how to return their resources to optimal performance. Olea Edge Analytics has now raised a total of $50.6 million to help cities monitor and manage critical water assets, including large commercial and industrial meters, uncovering millions of dollars in recoverable revenue. "Cities and water utilities are facing tremendous challenges from all sides: financial, operational, hiring and more," Olea Edge Analytics CEO Dave Mackie said.