Uponor, Belkin Invest Additional $12M to Grow JV Company Phyn

Uponor and Belkin are investing an additional $12 million—$6 million each—into their joint venture company, Phyn, in 2019. The new investment will be used for ongoing research and product development for smart water solutions, as well as continuing efforts to grow in the North American and European markets.

Phyn Plus, smart water assistant + shutoff, is a smart home device that continuously monitors a home’s entire plumbing system to detect leaks, conserve water and save money. Utilizing patented machine-learning technology, the device measures tiny changes in water pressure to detect plumbing issues in real time and can remotely shut off the main water supply to prevent costly damage. Phyn Plus provides granular detail on water usage allowing homeowners to view water consumption across fixtures such as sinks, toilets, showers and sprinkler systems all through the Phyn app.