- Business
- Eddy Smart Home Solutions Ltd. provides residential and commercial smart water metering products and monitoring services in the United States and Canada, helping property owners protect, control, and conserve water usage through water sensing devices integrated with behavioral learning software; its core offerings include Eddy IQ for automatic meter reading, remote valve shutdown, machine learning-based flow measurement, leak detection, and billing-grade sub-metering; Eddy H2O sensors for detecting water presence with built-in temperature and humidity monitoring; Eddy Valve for building water damage protection; Eddy Link for real-time digital communication, minute-by-minute usage analytics, and leak identification; Eddy Gateway for LoraWAN communication to transmit data to cloud applications; and additional sensors such as Eddy Water Probe Sensor, Water Rope Sensor (indoor and outdoor variants), and Temperature Probe Sensor. The company, founded in 2014 and headquartered at 6 Eglinton Avenue East in Toronto, Ontario, Canada, operates across multi-family residential, single-family residential, commercial, industrial, construction, and submetering segments with solutions tailored for each phase of a building's life cycle. Recent developments include PCL Construction increasing its investment to 9.99% ownership via a June 2024 rights offering and private placement; a CAD 8 million funding round from Shalcor Management Inc. and York Plains Investment Corp.; a $1 million revolving credit facility entered in February 2025; executive appointments such as James Florentino as U.S. Director of Sales and Shkya Ghanbarian returning as Chief Strategy Officer in early 2025; and robust growth with in-building devices rising 19% to 125,832 by September 30, 2025, alongside 35% year-over-year revenue increase to $3.4 million for the nine months ended on that date.