Thrive Smart Systems Secures Major Funding
Thrive Smart Systems, a leader in wireless irrigation technology based in American Fork, Utah, has recently announced an impressive investment of $600,000 from Hawai'i Angels, a prominent network of early-stage investors located in Honolulu, Hawaii. This investment is part of a larger fundraising initiative aimed at securing a total of $1 million to facilitate Thrive's expansion and rollout of its innovative irrigation solutions.
The Thrive EVO™ System
At the core of Thrive's product offering is the Thrive EVO™, a cutting-edge wireless irrigation system that eliminates the need for traditional wiring. This innovative solution not only simplifies installation but significantly enhances water management for landscape professionals. With the ability to communicate effectively through obstructions over distances of up to 200 yards, the Thrive EVO™ makes it possible to connect irrigation controllers to valves without the cumbersome trenching usually associated with such projects.
The seamless compatibility of Thrive's technology with all standard multi-wire controllers, including those from well-known brands like Rain Bird and Hunter, allows for easy upgrades. This aspect alone makes Thrive an appealing option for landscapers looking to enhance their efficiency and cut down on labor and materials costs.
Upcoming Cloud-Connected Solution
In addition to the release of the Thrive EVO™, the company is gearing up for the launch of a cloud-connected version of its technology. This new iteration will offer virtually limitless wireless range and further simplify irrigation management by allowing systems to operate without the need for physical controllers. This provides an unprecedented level of flexibility and control over irrigation systems, aligning with current trends towards smart technology in landscape management.
To date, the Thrive EVO™ has garnered attention and usage from various high-profile clients, including Google and Apple campuses. The system is also deployed in schools, city parks, and other commercial properties, showcasing its versatility and reliability.
David Hawk, Grounds and Irrigation Manager at Brigham Young University, stated, "We installed the Thrive EVO™ a few months ago. Not only was it quick and easy to install but it saved me the cost of having to horizontal-bore under a city street and disturb the existing landscape." His experience highlights the profound impact of Thrive's innovation on traditional irrigation challenges.
Support from Hawai'i Angels
The Hawai'i Angels investor network has been instrumental in supporting various startups since its inception in 2002. Members of the group collaborate to evaluate and invest in promising companies, providing not just financial assistance, but also valuable guidance and connections that are crucial for growth. Joey Katzen, Managing Director of Hawai'i Angels, emphasized that the investment in Thrive Smart Systems is aligned with their mission to support founders addressing significant yet often overlooked problems.
Thrive's vision for transforming water management practices has captured the interest of the Hawai'i Angels and reflects a growing trend towards more sustainable and efficient solutions in agriculture and landscaping. The financial backing will undoubtedly assist Thrive in accelerating its growth trajectory.
Conclusion
As Thrive Smart Systems continues to innovate, its focus on wireless irrigation technology positions it at the forefront of the irrigation industry. With this latest round of investments, Thrive is not only poised to enhance its product offerings but also set the stage for a new era in efficient water management. Their commitment to solving real-world irrigation problems emphasizes the need for solutions that embrace modern technology while addressing the environmental concerns of our time. For more information on Thrive Smart Systems and their products, visit
thrive smartsystems.com.