SIA Smart Meter

Name

SIA Smart Meter

Legal name

SIA Smart Meter

Website

https://home.smartmeter.lv

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Smart Meter System Installation and Monitoring: Installation and ongoing monitoring services for automatic water meter reading systems. Revenue likely derived from system installation fees combined with recurring monitoring/subscription charges for multi-apartment buildings, private house settlements, and individual customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

SIA Smart Meter manufactures, installs, and operates a remote automatic water meter reading system (the Smart Meter system) that autonomously captures consumption data from any meter manufacturer's devices without human intervention, provides water-network emergency and leak detection, and lets each user track their own consumption. The offering is sold with installation and ongoing monitoring services to multi-apartment buildings, private-house settlements, and individual property owners in Latvia, where it currently monitors 14,000+ objects across 204 apartment buildings and 5 settlements (240 homes).

Product overview

SIA Smart Meter offers a unified remote water meter reading platform developed and manufactured in Latvia. The core Smart Meter System provides automatic, autonomous water consumption monitoring across multiple meter manufacturers. The company serves three market segments: multi-apartment buildings (204 buildings equipped), private house settlements (5 settlements with 240 homes), and individual customers requiring consumption monitoring or solving rental property reading challenges.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Meter System Remote automated water meter reading system developed and manufactured in Latvia that autonomously captures consumption data from any meter manufacturer's devices without human intervention, providing continuous monitoring, water-network emergency detection, leak detection, and individual user consumption tracking for multi-apartment buildings, private-house settlements, and individual properties in Latvia.

Quantifiable outcome

• Water losses reduced to 5-8% from >10%
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Kamstrup: Danish manufacturer of smart water meters and AMI solutions for utilities and housing. Highly comparable as a smart metering specialist selling into multi-dwelling and utility customers, with similar recurring-service economics.
• Maddalena: Italian water meter manufacturer offering AMR/AMI meter reading systems. Directly comparable as a regional smart water metering specialist targeting residential and multi-utility customers with similar readout and leak-detection functions.
• Zenner: German metering company producing residential water meters with radio and AMI communication. Comparable as a meter manufacturer offering remote-reading modules that integrate with various utilities' billing systems.
• Apator: Polish manufacturer of water, heat, and gas meters with smart/AMI offerings. Comparable as a Central/Eastern European meter maker addressing residential water monitoring and remote reading for housing cooperatives.
• Arad Group: Israeli water meter specialist with AMR and ultrasonic smart meter solutions. Comparable to Smart Meter as a focused water-meter manufacturer offering remote reading and consumption monitoring for residential customers.

Broad incumbents

• Itron: Global leader in AMI for water, gas, and electricity utilities. Wide-portfolio incumbent whose water AMI offerings overlap with Smart Meter's product and customer type (residential and multi-utility).
• Diehl Metering: German metering group offering water, heat, gas, and electricity smart meters with AMI platforms. Overlaps with Smart Meter as a multi-utility incumbent selling into European housing and utility customers.
• Xylem (Sensus): Global water technology company whose Sensus branded solutions include smart water AMI for utilities. Comparable as a large incumbent providing advanced metering and analytics for residential water management.
• Landis+Gyr: Major smart metering provider with electric, gas, and water AMI products. Adjacent incumbent whose multi-utility AMI ecosystem overlaps with Smart Meter's residential water metering use case.
• Honeywell: Diversified industrial and building-technology provider offering utility and building management solutions, including water/energy monitoring. Comparable as a broad incumbent whose smart infrastructure portfolio competes for the same building-manager and municipality budgets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SIA Smart Meter