REDWOOD CITY, Calif., March 6, 2018 /PRNewswire/ — Fracta Inc., a technology innovator applying Artificial Intelligence (AI) – Machine Learning to drinking water utility infrastructure, has been selected as a participant in Imagine H2O’s 2018 Accelerator. Fracta is one of 13 water startups selected to the exclusive 2018 program.

Fracta offers a SaaS solution that uses AI-Machine Learning to assess the condition of drinking water distribution mains. Fracta calculates and visualizes the Likelihood of Failure (LOF) for every water main pipe segment. The LOF score represents the mathematical probability of pipe failure, enabling utilities to make smarter pipe replacement decisions. Fracta’s objective, big data-driven method is faster, more accurate and affordable than other desktop and physical condition assessment methods.

“Fracta has made exciting strides in the key area of utility management,” says Tom Ferguson, VP Programming of Imagine H2O. “The potential ROI to managers is highly compelling, and their early traction in the market reflects the importance of the main point they’re addressing. We’re excited to have them as part of the 2018 Accelerator.”

As a selected participant, Fracta will be honored at Imagine H2O’s WaterGala 2018 on March 14 in San Francisco. They also will begin a 10-month program that includes access to customer validation opportunities, mentorship and industry visibility.

“We are truly honored to be chosen as one of Imagine H2O’s 2018 Accelerator participants,” says Takashi Kato, co-founder and CEO of Fracta. “We are excited to help public and investor-owned water utilities optimize their infrastructure spend and reduce water loss, one of our most precious natural resources.”

About Fracta Inc.

Fracta helps US water utilities more accurately, quickly and affordably pinpoint what drinking water mains to replace. It costs $1 Million to replace 1 mile of water main.  With more than 1 Million miles of water mains experiencing ~240k breaks/year, AWWA estimates it will cost utilities about $1 Trillion by 2050. Utilities need a fast, accurate and objective, data-driven condition assessment tool. Fracta can assess the condition of water mains in 4-8 weeks with close to 90% accuracy when compared to historical data. By 2050, Fracta estimates it can enable up to 40% in long-term savings for United States drinking water utilities. Started in 2013, Fracta is based in Redwood City, Calif. For more information on how to more optimally manage drinking water main leak detection, repair and replacement, visit http://www.fracta.ai.

About Imagine H2O

Imagine H2O, the water innovation accelerator, provides entrepreneurs with the resources, insight and visibility to launch and scale water solutions. By partnering with industry and policy experts and a global network of customers and investors, Imagine H2O has become a proven path-to-market for emerging water technology businesses. Participants benefit from access to mentorship, industry exposure, customer and investor connections and strategy, marketing and sales support. Since 2009, Imagine H2O’s accelerator has helped over 80 innovative companies win customers and receive more than $1 in every $10 of early stage investment in the water sector. Join the leading ecosystem for water entrepreneurship and innovation at www.imagineh2o.org.

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SOURCE Fracta Inc.