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On 17 May 2023, Gradiant announced US$225 million in Series D funding, bringing the company’s total valuation to US$1 billion. The Woburn, Massachusetts-based industrial water and wastewater treatment solutions provider aims to use the financial resources to expand into new geographies, including the Middle East and Europe.
In this Research Note:
- High valuation signals investor belief in select industrial verticals
- Leveraged M&A for entrance into new markets
- Gradiant’s trajectory on track to compete with established, multinational water companies
