LeakBot has reversed into Spinnaker Acquisitions to form Ondo Insurtech. The LeakBot device uses the internet of things technology to identify potential leaks and have them repaired before they become more costly.
Ondo Insurtech owns its own technology and has already signed up home insurers as clients. The cash raised in the fundraising will be used to fund further development of IT and signing up new insurance partners.
The technology is being used in the UK, Denmark, Sweden and the US, which could become the most important market. The current design should work in 39 of the 50 US sta...
