EDDY SOLUTIONS

Smart water risk management -- IoT leak detection and automatic shutoff for commercial and residential properties.

Specialty Solutions Growth Public (TSXV: EDY, IPO January 2022)

Overview

EDDY Solutions is a Canadian water risk management company founded in 2014 that provides intelligent IoT-based leak detection and automatic water shutoff systems for commercial and residential properties. Headquartered in Toronto, Ontario, the company combines connected hardware, cloud software, and real-time monitoring to detect and contain water damage before it becomes a costly insurance claim.

The EDDY platform continuously monitors water flow, temperature, humidity, and water presence across entire plumbing and mechanical systems. When anomalies are detected, the system can automatically shut off water or immediately alert property managers, delivering measurable risk reduction to property owners, real estate developers, construction firms, and insurance carriers.

EDDY went public on January 27, 2022 through a reverse merger with Aumento Capital VIII Corp, trading under the ticker EDY on the TSX Venture Exchange. Over a 12-month period across 11 PCL Construction projects, EDDY identified and contained 39 leaks, preventing an estimated USD 8.3 million in potential water damage.

Products & Services

Eddy Smart Leak Detection Devices

IoT sensors that monitor water flow, temperature, humidity, and point-of-leak presence throughout commercial and multifamily properties. Devices connect into a single integrated system covering all aspects of water risk in a building.

Key Features

Continuous real-time monitoring of water flow and environmental conditions
Point-of-leak sensors for fixtures, appliances, and mechanical rooms
Smart valve integration for automatic or remote shutoff
Behavioral learning software to track usage patterns and detect anomalies

Target Users: Commercial real estate owners, property managers, multifamily developers, construction firms

Cloud Monitoring Platform (Eddy Dashboard)

A centralized cloud dashboard providing real-time alerts, flow analytics, remote shutoff controls, and historical reporting across all monitored properties.

Key Features

Unified management of multiple properties and devices
Real-time alert notifications and escalation workflows
Flow analytics and data exports for insurance underwriting
Remote shutoff commands for property managers and insurers

Target Users: Property managers, loss control teams, insurance carriers

Insurance Partner Program

Tiered coverage programs for properties protected by EDDY, offering verified risk reduction metrics and competitive premiums from participating carriers and brokers.

Key Features

Verified IoT risk reduction data shared with insurers
Preferred premium programs from partner carriers
Integration with insurer loss control workflows
Data-driven underwriting support

Target Users: P&C commercial carriers, brokers, loss control departments

Eddy for Construction

Water monitoring systems deployed during active construction phases to prevent water damage before building occupancy.

Key Features

Temporary installation for construction sites
Monitoring of plumbing and mechanical systems during fit-out
Automatic shutoff to contain leaks during unoccupied hours

Target Users: General contractors, construction project owners

Eddy for Institutional

Enterprise-scale solutions for large real estate portfolios including high-rise developments, hospitals, educational facilities, and municipal properties.

Key Features

Portfolio-wide monitoring across multiple buildings
Hospital and healthcare-grade reliability requirements
Integration with building automation systems

Target Users: Institutional property owners, facility managers, healthcare organizations

Smart Metering

Water billing and shutoff features with behavioral learning software to track usage patterns, detect anomalies, and support water conservation goals.

Key Features

Sub-metering for individual units or floors
Usage analytics and billing support
Anomaly detection for unusual consumption patterns

Target Users: Multifamily property operators, municipalities

At a Glance

Founded: 2014
Headquarters: Toronto, Ontario, Canada
Employees: 11-50
Funding: Public (TSXV: EDY, IPO January 2022)

Category & Focus

Category: Specialty Solutions
Subcategories: IoT Risk Mitigation Water Leak Detection Smart Water Management Loss Control
Insurance Verticals: P&C Commercial
Target Customers: Carriers, Brokers