CIBC Innovation Banking Provides Water Data Management Software Provider, Aquatic Informatics, With $8 Million Growth Capital Financing to Support Expansion
Summary
VANCOUVER, British Columbia--(BUSINESS WIRE)--CIBC Innovation Banking is pleased to announce an $8 million debt financing with Aquatic Informatics Inc., a leader in water data management and analytics. Backed by XPV Water Partners, the company’s software platform is an easy-to-use set of tools that centralizes data, simplifies analysis, automates workflows, predicts issues, shares information, and ensures regulatory compliance. “We are proud to be working with Vancouver-based Aquatic Informatics, a company driving technological change in the global water management system. Their mission couldn’t be more important, and we are here to help them achieve it,” said Joe Timlin, Managing Director, CIBC Innovation Banking Vancouver. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada.
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