Business
Klir announces $17.5M growth financing as an Independently Controlled Operational Hub for Water Utilities
Klir today announced the closing of a $10 million Series B equity investment alongside a $7.5 million credit facility from Innovation Banking at CIBC, providing long-term balance sheet strength and operational flexibility as the company scales.
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"RENO, Nev., Jan. 22, 2026 /PRNewswire/ -- Klir today announced the closing of a $10 million Series B equity investment alongside a $7.5 million credit facility from Innovation Banking at CIBC, providing long-term balance sheet strength and operational flexibility as the company scales.","length":286,"tagName":"p"},{"type":"image","alt":"Klir: Making Water Better","displaySize":"","headline":null,"caption":"Klir: Making Water Better","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":199,"url":"https://media.zenfs.com/en/prnewswire.com/b974ef4c5ed2dff56a0f1b5af79d8bb7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AMfJnZII_gnWmTPfTCbwWg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b974ef4c5ed2dff56a0f1b5af79d8bb7","width":400,"height":199}},"href":"https://mma.prnewswire.com/media/2866603/Klir_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This financing reinforces Klir's long-term commitment to the water industry as a founder and employee-controlled company, continuing to provide the stable, trusted infrastructure that utilities and partners depend on every day across North America and beyond.","length":263,"tagName":"p"},{"type":"text","content":"The Series B included participation from existing investor Insight Partners, which previously led Klir's Series A, alongside a growth credit facility from CIBC, reflecting Klir's scale, maturity and ability to pair institutional equity with flexible, non-dilutive financing.","length":282,"tagName":"p"},{"type":"text","content":"In an industry where vendor ownership and stability matter more than ever, Klir's Series B funding reinforces a clear commitment to preserving decision-making authority in the best interests of our customers, while continuing to invest in the operational data infrastructure water utilities rely on every day, with the support and oversight of experienced enterprise software partners.","length":389,"tagName":"p"},{"type":"text","content":""This funding allows us to grow without changing who we are," said David Lynch, Co-Founder and CEO of Klir. "Klir is controlled by its founders and employees and that matters, especially for utilities choosing a system they expect to rely on for decades. Our priorities stay focused on ...