Shayp Company Profile

Background

Overview

Shayp is a Belgian technology company specializing in water consumption analysis and rapid leak detection. Founded in 2017, the company aims to reduce global water consumption by 30% and minimize associated collateral damages. Shayp's innovative solutions leverage Internet of Things (IoT) technology and artificial intelligence (AI) to provide real-time water flow analytics and non-invasive leak detection services. These services are applicable across various sectors, including multi-residential, commercial, public organizations, educational institutions, healthcare facilities, and transportation services.

Mission and Vision

Shayp's mission is to empower building managers, homeowners, and insurers to eliminate water leaks and related damages effortlessly. The company envisions a world where water is used efficiently, contributing to global water conservation efforts and promoting sustainability.

Industry Significance

Operating within the environmental services sector, Shayp addresses the critical issue of water waste in buildings. By providing solutions that detect and prevent water leaks, the company plays a pivotal role in promoting sustainable water management practices and reducing operational costs for property owners and managers.

Key Strategic Focus

Core Objectives

Water Conservation: Achieve a 30% reduction in global distributed water consumption.

Leak Detection and Prevention: Identify and mitigate water leaks in real-time to prevent damage and reduce waste.

Sustainability Promotion: Support clients in obtaining sustainability certifications and meeting environmental goals.

Areas of Specialization

IoT-Enabled Water Monitoring: Deploying non-invasive devices that retrofit existing water meters for continuous monitoring.

AI-Driven Analytics: Utilizing machine learning algorithms to analyze water usage patterns and detect anomalies.

Predictive Maintenance: Providing actionable insights to prioritize maintenance efforts and optimize resource allocation.

Key Technologies Utilized

Internet of Things (IoT): For real-time data collection and monitoring.

Artificial Intelligence (AI): To analyze data and detect leaks and inefficiencies.

Data Analytics Platforms: For processing and visualizing water consumption data.

Primary Markets Targeted

Commercial Buildings: Offices, retail spaces, and industrial facilities.

Residential Complexes: Multi-family housing units and apartment buildings.

Public Institutions: Schools, hospitals, and municipal buildings.

Insurance Sector: Collaborations to reduce water damage claims.

Financials and Funding

Funding History

Total Funds Raised: €2.37 million.

Recent Funding Rounds:

December 2020: €1.9 million seed investment led by Signa Innovations, with participation from AMAVI Capital and finance&invest.brussels.

September 2018: Seed funding from Start it @KBC.

January 2018: €50,000 support program funding.

Notable Investors

Signa Innovations: Berlin-based venture capital firm specializing in real estate technologies.

AMAVI Capital: Belgian investment firm focusing on sustainable and innovative companies.

finance&invest.brussels: Public investment company supporting Brussels-based startups.

Utilization of Capital

The funds have been allocated towards scaling operations, enhancing technology development, expanding market reach, and supporting the deployment of water monitoring solutions across various sectors.

Pipeline Development

Key Pipeline Candidates

Shayp 4IMPACT Platform: A corporate water conservation and efficiency platform launched in partnership with Microsoft, designed to deliver verifiable and auditable water savings through precision monitoring.

Stages of Development

Deployment: Ongoing installations in schools and public buildings in Brussels and Paris, targeting over 600 sites.

Expansion: Plans to extend the platform's availability to corporations across Europe and assess opportunities in water-stressed regions.

Target Conditions

Water Waste: Addressing inefficiencies and leaks in water usage within buildings.

Sustainability Goals: Assisting organizations in meeting environmental and water conservation objectives.

Anticipated Milestones

Short-Term: Achieve significant water savings in initial deployment sites.

Medium-Term: Expand partnerships with additional corporate entities and public institutions.

Long-Term: Establish Shayp 4IMPACT as a leading solution for corporate water stewardship.

Technological Platform and Innovation

Proprietary Technologies

Non-Invasive IoT Devices: Devices that can be self-installed within five minutes, with a battery life of 10 years, enabling rapid leak detection without the need for extensive infrastructure changes.

Significant Scientific Methods

AI and Machine Learning Algorithms: Employed to analyze water usage data, detect anomalies, and predict potential leaks, facilitating proactive maintenance.

Leadership Team

Key Executives

Alexandre McCormack: Co-founder and CEO. With a background in energy management, Alexandre co-founded Shayp to address water waste in buildings.

Grégoire de Hemptinne: Co-founder and Managing Director. Grégoire brings expertise in AI and software engineering, focusing on integrating technology with sustainability efforts.

Zineddine Wakrim: Co-founder and CTO. Zineddine specializes in IoT solutions, leading the development of Shayp's hardware and software integration.

Leadership Changes

No significant leadership changes have been reported recently.

Market Overview and Competitor Profile

Market Insights and Dynamics

The global water management market is experiencing growth due to increasing awareness of water conservation and the need for efficient resource management. Technological advancements in IoT and AI are driving innovation in this sector.

Competitor Analysis

WEGoT Utility Solutions: Offers IoT-based smart water meters to manage consumption and save water in buildings.

WaterCentric, LLC: Provides water solution architecture, aligning technology and expert management services to exceed clients' water goals.

Water for Good: Focuses on water, sanitation, and hygiene initiatives.

Strategic Collaborations and Partnerships

Microsoft Partnership: A ten-year collaboration to launch the Shayp 4IMPACT platform, delivering verified water savings in public buildings.

Société Wallonne des Eaux (SWDE): Selected Shayp as the technical provider for their easyCONSO project, aiming to help municipalities and property managers control water consumption.

Operational Insights

Shayp differentiates itself through its non-invasive, easy-to-install IoT devices and AI-driven analytics, offering a comprehensive solution from diagnosis to facilitating repair. This approach provides a competitive edge in the water management market.

Strategic Opportunities and Future Directions

Shayp plans to expand its presence across Europe and explore opportunities in water-stressed regions. The company aims to establish Shayp 4IMPACT as a leading solution for corporate water stewardship, contributing to global water conservation efforts.