FATHOM

Phoenix, AZ1expert edge

Cloud-based SaaS platform for water utilities: AMI integration, automated billing, customer service, leak detection. Serves ~4M U.S. water customers.

Why interesting to a deal team

Most-deployed multi-tenant SaaS for water utilities. Direct comp for valuing AMI-adjacent software in a fragmented utility market.

Executive Chairman

FATHOM

Pioneer of the smart-water SaaS category. FATHOM was utility-incubated, which gives Hill a uniquely operational lens on what utilities actually buy.

Strongest evidenceName + firm1 public sourceHow the grades work