Tuesday, December 2, 2014
FATHOM Gets Private Equity Funding
Phoenix-based FATHOM, which develops cloud-based, data and customer services software for water utilities, said this morning that it has scored a funding round from private equity investors Silver Lake Kraftwerk and XPV Capital Corporation. Size of the funding round was not announced. The company said the new funding will go towards product development. FATHOM says its software is used to collects the massive volumes of data generated by automated meter reading and billing systems and makes it useful for both utilities and their customers.