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Gradiant

A different kind of Water Company

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INDUSTRY

Water Technology

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Investment Highlights

Company Overview

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Investment Highlights

Gradiant, established in 2013 by Anurag Bajpayee and Prakash Govindan, is a Boston-headquartered water technology company specializing in advanced water and wastewater treatment solutions for industrial applications.

The company focuses on reducing freshwater usage, minimizing wastewater discharge, reclaiming valuable resources, and renewing wastewater into freshwater, serving industries such as semiconductors, pharmaceuticals, mining, and food and beverage.

Company Overview

Gradiant has developed a proprietary technology stack that combines award-winning water treatment solutions with best-in-class engineering and customized chemicals. This approach is enhanced by advanced artificial intelligence, aiming to achieve lower capital and life-cycle costs, operational ease, increased reliability, improved safety, and a reduced environmental footprint.

The company has experienced significant growth, expanding its operations globally and employing over 1,000 professionals. In May 2023, Gradiant raised $225 million in a Series D funding round to accelerate its business expansion, bringing its total funding to approximately $400 million and achieving a valuation of $1 billion.

Gradiant's commitment to innovation and sustainability has been recognized with several accolades, including being named "Desalination Company of the Year" at the 2023 Global Water Summit in Berlin. The company continues to pioneer advanced solutions to address global water challenges, ensuring clean, fresh water for generations to come.

Gradiant has demonstrated significant financial growth and strategic expansion, solidifying its position as a leader in the water technology sector. In May 2023, the company secured $225 million in a Series D funding round, elevating its valuation to $1 billion and achieving unicorn status. This investment, led by BoltRock Holdings and Centaurus Capital, underscores Gradiant's differentiated position in the global water market and its potential for continued growth.

The company has also experienced rapid sales growth, closing the first half of 2024 with over $500 million in new orders. This performance marks the fifth consecutive year of doubling annual sales, driven by strategic expansion into high-tech manufacturing sectors and new geographies, including the United States, Europe, the Middle East, and Asia. Notable clients contributing to this growth include industry leaders such as Micron, STMicroelectronics, AB InBev, Coca-Cola, Nestlé, Rio Tinto, Petronas, ADNOC, and Nama Water.

These financial milestones reflect Gradiant's successful strategy of combining innovative water treatment technologies with strategic market expansion, positioning the company as a key player in addressing global water challenges.