Omen AI buys rival Aquatic Labs in $16 million deal

Omen AI, a 2024 startup building real-time sensors that monitor data-centre cooling water for failing valves and bacterial growth, is acquiring competitor Aquatic Labs in a $16 million cash-and-stock deal. The move follows Omen's $31 million Series A in June. US data centres use 17-19 billion gallons of water a year for cooling, a figure expected to triple in five years.