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Saya Life isn't accepting new investments

Saya Life’s deadline was October 1, 2021

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Saya Life

Solving water management issues for enterprise property owners
Smart Devices SaaS Utilities AI & Machine Learning
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$250,404
Raised
445
Investors
Successfully funded and closed on October 1, 2021.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SAYA Life Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Saya Life Crowd SAFE Saya Life Form C.pdf
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Hear from some of the 445 people reserved or invested in Saya Life


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Highlights


$250K+ revenue
Company had over $250K in revenue in the past 12 months
Venture-backed
Company is backed by a venture capital firm
  • A water risk platform for multi-tenant properties.
  • AI/ML for anomaly prediction and end user behavior & fixture analysis.
  • Certified multi-tenant platform for billing and leak prevention
  • SaaS platform deployed in several multi-tenant and commercial properties.
  • Risk predictive analytics market is projected to reach $21.5 B by 2025.
  • Deployment in 2000 properties with 70 tenants per property = ARR of $25M.
  • $10B total addressable market.

Problem


Damages caused by water intrusion in multi-tenant properties is costly, unhealthy and extremely stressful. 

  • Multi-tenant property owners constantly worry about ACCURATE TENANT BILLING AND PREVENTING WATER RELATED DAMAGES caused by leaks.
  • Property owners are always confronted by unhappy tenants who feel they have been charged unfairly for water use.
  • It is not uncommon for 95% of multi-tenant properties to have 3-5 catastrophic leaks every year. 
  • Cost can range from $20K FOR SMALL LEAKS ALL THE WAY TO OVER $150K FOR LARGER ONES because by the time the leak is detected and mitigation is put in place, the damage has been done.

There is no one-stop solution that is cost-effective and certified, that can track water consumption accurately and in real time, and predict anomalies using ML to prevent water issues before they become catastrophic.

Solution



  • Saya provides water monitoring and leak detection with key market differentials. 
  • Saya is solving for the multi-tenant's most significant pain points—catastrophic damage caused by invisible slab leaks, loss of revenue, inefficient billing process and water quality.

Saya is disrupting the water sub-metering industry with an AI/ML platform that offers substantial benefits to property owners, tenants, insurance companies and utilities providers, all using the power of big data and analytics.

The accuracy, repeatability and dependability of our platform has resulted in certifications which allow multi-unit residences to bill individual water users where there is only one utility-owned water meter servicing the building. 

In addition, the meter accuracy and cloud-based algorithms which monitor water flow can detect both small water leaks (e.g., slab leaks) and pipe ruptures and automatically shut off water, preventing water-related building damage.

Product


Saya is an AI/ML enabled smart water management platform. 

Our customers can manage and act in the event of pipe bursts, running toilets, slab leaks, over-consumption, and change in water quality. They can also use Saya for water-related utility rebates, to bill tenants for water use and to find data for insurance policy discounts. 

Saya allows for collaboration of stakeholders across the water economy—all on a single platform. 

Our sub-metering platform merges big data analytics, edge computing and AI expertise to create a revolutionary technology that can predict, detect and mitigate water issues.

Customer Driven Product Development

  • 20 combined largest builders, utilities and insurance companies have provided direct feedback

  • 100 additional companies interviewed for customer discovery

  • 3 Core Problems: loss of revenue due to water damages, unreliable and expensive billing platforms that are unfriendly to tenants, no visibility on water quality and no easy way to improve water efficiencies in multi-tenant properties

  • Typical multi-tenant buildings will only need one Gateway (data collector) for the entire building.
  • The Gateway communicates on LoRa (915Mhz), CAT-M and integrated with all smart meters and sensors that work with HART, MODBUS, Z-Wave and other technologies using the Saya converter/transceiver.

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Traction


Saya Life, backed by strong customer demand, will bring unparalleled trust and value to property managers and their tenants when it come to water.

With ten of the top builders, utilities and insurance providers  in North America, we have successful deployments for several large multi-tenant properties.

  • 40 + new builders and growing list in the pipeline.
  • New opportunities through insurance and utility partners.
  • Current deployment in 10 multi-family properties and 3 commercial properties.
  • 3 Building Management System partners via cloud API integration.

  • SaaS Revenue : $120k + and growing.
  • Hardware Revenue : $550k + and growing.

Saya has been honored to receive several awards from a variety of innovation, technology and impact accelerators, projects, and competitions. We won the CEC grant for Water-Energy Nexus project for Walmart, Watts Grant Award for Technology Healing Garden Project at LAUSD, the LADWP Grant Award for Water AI Project, and the Top 10 Innovation Award for the 2019 Cohort of the Net Zero Accelerator. 

We have been a successful portfolio company at the Los Angeles Clean Tech Incubator and Upward Labs.

We are currently part of The Evonexus Incubator sponsored by Qualcomm.

We have contracts with several multi-family properties across U.S., LADWP, Walmart, Hilton, HSB Engineering Insurance, the LA Unified School District Board of Education and UBS, amongst others.

Customers


Saya helps all stakeholders in the water damage chain

Primary : Multi-tenant residential and commercial builders, plumbing contractors, distributors, multi-family investors.

Future: hotels, schools, farms, insurers, utilities providers

  • Saya’s innovative AI technology allows us to help everyone in the water damage chain. 
  • Our products can be used and operated in multi-dwelling and commercial properties in city wide deployments. 
  • Currently, customers and partners include some of the biggest names in residential and commercial building, hotel, utility & insurance spaces. 


Saya Life has played an important role in the Los Angeles Clean tech initiative, which was sponsored by Arnold Schwarzenegger and Eric Garcetti.


Business model


Projecting revenue of $65M + by 2025

  • A one-time-installment for sensors
  • Subscription services for water risk management, billing application, remote reader application
  • Each subscription is customized to the size and occupancy of the residential or commercial enterprise, and priced according to need. 

With these revenue streams, we project revenue close to $65M by 2025.



Market


$3B+ SOM 

Saya offers a necessary and effective solution for the costs of water damage. With our omni-directional marketing and product use, we have access to many distinct market demographics, including commercial building owners, residential single family & multi-dwelling owners, utilities providers, manufacturers, and insurance companies.

We are currently laser focused on the multi-tenant market and we have a $3B+ SOM and a $10B TAM.

Competition


Saya has a "all-in one" Solution for multi-tenant property owners

Saya's AI/ML platform for water risk management and sub-metering outclasses others in the multi-tenant field by offering an incomparable platform. 

Saya is bringing a revolutionary patented technology into a market that is ready for disruption. We have an enterprise IoT solution that can be scaled for any building or municipal service.

Our all-in-one advanced integrated technology means that we're the safest choice on the market. Our partnership with leaders in the industry means we already have significant market traction. 

Saya's solution deployed in multi-family properties has shown impressive return on investment within 12-18 months.

Vision and strategy


The latest technologies that offer the best service

Since its founding in 2016, Saya Life has focused on sub metering, protection of property, and providing real-time control of water systems to monitor flow and prevent damage caused by leaks. It's a complete IoT solution in the market designed for sub-metering, and is also a complete water management system for enterprise and home applications. 

Funding


$300k in pre-seed capital raised

Saya has raised $300K pre-seed capital from Upward Labs, a prop-tech accelerator that works closely with major insurance companies.

Funds were used to develop Saya's ML/AI platform and fund core development and manufacturing activity.

Saya's core offering now includes:

  1. Saya sub-metering platform for several pipe sizes, certified by NCWM
  2. Mobile app that is certified as a remote reader and meters certified to install for any orientation in both hot water and cold water lines, so that builders can install the meters at the most convenient location.

Saya is currently raising $1M to support sales & marketing campaigns, R&D, and production costs. Our intent is to fully scale our business to account for new clients and geographical expansion. 

Founders


President and CEO Sanjay Poojary uses his experience and expertise in IoT technology to solve unyielding issues around basic life needs. His prior experience and knowledge in the sector and his will to make a difference in the world has been a essential to the founding of Saya Life.

Sanjay’s Multi-Function Role Aiding in Company Development  

Before establishing Saya Life, Sanjay worked in large corporations such as Cisco Systems, and Mindspeed, before landing at a startup called Greenwave System, as a Director for Platform Project Management. 

As the CEO of his own startup, Sanjay has to fulfill numerous roles and manage all the aspect of the business. Under his leadership, Saya Life has rapidly expanded its service area and reached several different customer segments. Sanjay’s ability to evolve and develop his company led to recognition. Saya was named one of the top 10 smart water management providers in 2018 , and his smart meter was certified in the sub metering device category. Saya also joined the Los Angeles Cleantech Incubator, which is rated amongst the top 3 clean-tech incubators in the world.

Saya's partnership with Upward Labs in Hartford, CT has opened doors to the top insurance providers in the U.S. Sanjay has spearheaded the efforts to deliver value to these insurance partners with high quality analytics data from the platform. 

In upcoming years, Saya Life looks to expand the company significantly while keeping an eye on diversity, inclusion and community impact.

CEO’s Efforts in Bringing Smart Water Management

Sanjay Poojary started his career by working in the software industry. During this time, he accumulated lots of experience and eventually became a senior technology leader. He has 20+ years of experience in directing, managing and executing product and solutions release through product development. Additionally, he has deep knowledge of the IOT space, making him an expert in the industry.

Sanjay strongly believes in using cutting-edge technology to solve real-world problems. Metering has been archaic for over 100 years and that is changing now. IoT, big data, and machine learning bring a new way to capture, manage and predict relevant events and risks. His goal is to build a solution for all the elements in nature, starting with Saya Life.

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Saya Life occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Saya Life is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Saya Life needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SAYA Life Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Saya Life Crowd SAFE Saya Life Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Saya Life.
Invest
$250
Receive
  • A personal mention on Saya's website
Invest
$500
Receive
  • A personal mention on Saya's website
  • Invitation to Saya Investor meeting
Invest
$1,000
Receive
  • A personal mention on Saya's website
  • Saya Design cap
  • Invitation to Saya investor meeting
Invest
$2,500
Receive
  • Saya Single family Smart water management kit.
  • A Personal mention on Saya website.
  • Saya Design cap.
  • Invitation to Saya Investor meeting.
Invest
$5,000
Receive
  • Saya single family Smart water management kit (2 sets)
  • A personal mention on Saya's website
  • Saya Design cap.
  • Invitation to Saya Investor meeting
Invest
$10,000
Receive
  • Saya Multi-Family Kit (can be used for a 4-plex)
  • A personal mention on Saya's website
  • Saya Design cap
  • Invitation to Saya Investor meeting
Invest
$25,000
Receive
  • Saya Multi-Family Kit (can be used for a 4-plex)
  • Saya Design cap
  • A personal mention on Saya's website
  • Virtual Demo - Meet and Greet with the team
  • Invitation to Saya Investor meeting
Invest
$50,000
Receive
  • Saya Multi-Family Kit (can be used for a 6-plex)
  • Saya Inline Water Quality Sensor
  • Saya Design cap
  • A personal mention on Saya's website
  • Invitation to Saya Investor meeting
  • Meet CEO and Implementation Team
Invest
$100,000
Receive
  • Single Family Home Kit
  • Saya Multi-Family Kit (can be used for a 10-plex)
  • Saya Inline Water Quality Sensor.
  • Saya Design cap.
  • A personal mention on Saya's website.
  • Invitation to Saya Investor meeting.
  • Meet CEO and Implementation Team.
  • Dinner with Executive Team.
  • Opportunity to advice the executive team.
  • Please inquire: spoojary@saya.life

About Saya Life

Legal Name
SAYA Life Inc.
Founded
Jul 2019
Form
Delaware Corporation
Employees
10
Website
saya.life
Social Media
Headquarters
Google Map location of of Saya Life
525 South Hewitt Street , Los Angeles, CA
Headquarters
525 South Hewitt Street, Los Angeles, CA, United States 90013

Saya Life Team
Everyone helping build Saya Life, not limited to employees

Profile picture of Sanjay Poojary
Sanjay Poojary
Founder & CEO
Featured in Superheroes · Read
Entrepreneur with a passion for clean technology with 18+ years of experience leading and increasing growth in small, medium and large enterprise businesses.
Profile picture of Ray Li
Ray Li
CTO
Software Architect with 20+ years of experience leading a wide variety of enterprise technology including Hardware & Infrastructure, connectivity, database, managed services and cloud.
Profile picture of Noorali Lakhani
Noorali Lakhani
COO
18+ years of experience leading and executing process for designing, verifying and implementing embedded systems for customer success.
Profile picture of Naveen  Kumar
Naveen Kumar
ML/AI Data scientist
Profile picture of Pearl  Xiang
Pearl Xiang
Sr Project Manager
Profile picture of Daravithy Ly
Daravithy Ly
Electrical Engineer
Profile picture of Sirette Vicenty
Sirette Vicenty
Design Intern
Profile picture of Nate  Peo
Nate Peo
Advisor
Executive Advisor, Multi-family construction
Profile picture of Marco  Thompson
Marco Thompson
Advisor
EvoNexus Executive Advisor Serial Entrepreneur, Angel Investor, Venture Investor
Profile picture of Jauher  Zaidi
Jauher Zaidi
Advisor
EvoNexus Executive Advisor Serial Entrepreneur, Multiple Exits
Profile picture of Howard  Mirowitz
Howard Mirowitz
Advisor
EvoNexus Executive Advisor Adjunct Prof Innovation
Profile picture of Software  Team
Software Team
Mobile App & Cloud Development
Saya Software development team is based in India and are responsible for Mobile Application and Database development.
Profile picture of Omid Tahami
Omid Tahami
Business Development Advisor
Certified Water Specialist
Profile picture of Gregory Flynn
Gregory Flynn
Financial Advisor
11 more team members
Sanjay Poojary
Founder & CEO
Ray Li
CTO
Noorali Lakhani
COO
Naveen Kumar
ML/AI Data scientist
Pearl Xiang
Sr Project Manager
Daravithy Ly
Electrical Engineer
Sirette Vicenty
Design Intern
Nate Peo
Advisor
Marco Thompson
Advisor
Jauher Zaidi
Advisor
Howard Mirowitz
Advisor
Software Team
Mobile App & Cloud Development
Omid Tahami
Business Development Advisor
Gregory Flynn
Financial Advisor

Press

Water Tech Companies Are Springing Up in LA
Labusinessjournal Labusinessjournal
·
Jan 31, 2021

In many areas of the world, there may be no more precious commodity than water - and that's especially true in Los Angele...

046 Saya Life - Using the knowledge of water to detect an...
Libsyn
·
Oct 15, 2020

Saya Life is the only one sub-metering AI platform that detects anomalies to prevent loss before they become catastrophic...

All-In Sanjay Poojary
YouTube YouTube
·
Jun 22, 2020

Listen to the full episode here:https://natepeo.com/blogs/the-all-in-podcast-with-nate-peoSanjay Poojary is the Founder a...

Water and Energy - California Business Journal
California Business Journal
·
Sep 26, 2019

President and CEO Sanjay Poojary of Saya Life has created a smart water management system that is "the only" submetering ...

Pecan Street PLATFORM Participant SAYA Lands New Customer...
Pecan Street Inc. Pecan Street Inc.
·
Jul 12, 2019

Congratulations to SAYA, a provider of a smart water meter for residential and commercial buildings, on the recent announ...

Sanjay Poojary: Making a Sustainable Impact in the World ...
Mirror Review Mirror Review
·
Apr 15, 2019

The new advanced technologies are helping various industries in their growth and expansion into a new world. The effectiv...

Saya Life | InsurTech Startup Profile | Launc[H] Hartford
Launch Launch

InsurTech Get Involved with Us Through: Capital Funding Talent and/or Interns Mentorship Board Members Office Space Sanja...

Saya Life: Intelligent Water Management for you
CIO Bulletin CIO Bulletin

CIO Bulletin In the age where climate change dominates the headlines, energy conservation is something many companies are...

SAYA Life: Broadening the Scope of Water Management
Utilitiestechoutlook Utilitiestechoutlook

Check out this recent interview with Sanjay Poojary, President and CEO, SAYA Life speaks about Broadening the Scope of Wa...

San Bernardino: San Bernardino
Selectsbcounty Selectsbcounty

The SAYA system come packaged with water detecting flood sensors, a smart meter fitted with ultrasonic flow sensors, a pr...

Show all
Logo of Saya Life

Saya Life

Saya Life successfully raised $250,404 from 445 investors on October 1, 2021
Profile picture of Tan Quan Nguyen
Profile picture of Darshan Bhagat
Profile picture of Jennifer Pagano
Profile picture of Monique Jn-Marie
Profile picture of Alan Aspera
Tan Quan, Darshan, Jennifer, Monique, Alan, and 440 others invested. 42 Reviews
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