AquaRealTime
Techstars '19Boulder, US · Founded 2019 · Delaware corporation · 2 employees on LinkedIn · 1 known investors
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AlgaeTracker manufactures IoT monitoring devices that detect harmful algae blooms and track water quality parameters in real time for municipal utilities, water treatment facilities, and recreational water bodies. The system provides 24/7 automated monitoring with cloud-based analytics and alerts to reduce sampling costs and enable early detection of contamination risks.
Also known as Algae Tracker · AlgaeTracker · AquaRealTime LLC · AquaRealTime, Inc. · ART
Founders & leadership
AquaRealTime was founded in 2019 by Christopher Lee.

Investors · 1
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$65K disclosed across 2 rounds · 2020
▶$25KraisedJan 2021 · 1 investors · OtherRule 506(b)
- Christopher LeeExecutive Officer, Director, Promoter
- Offering amount
- $1M
- Amount sold
- $25K
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$40KraisedFeb 2020 · 1 investors · OtherRule 506(b)
- Christopher LeeExecutive Officer, Director, Promoter
- Offering amount
- $75K
- Amount sold
- $40K
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Sep 2026AquaRealTime, Inc. is a Boulder, Colorado company that develops AlgaeTracker, an IoT-based early detection and monitoring system for water contamination, including harmful algal blooms (HABs). The core product is a low-profile floating buoy (8 lbs, 14 inches in diameter, 7 inches tall) that uses optical fluorescence sensing to measure chlorophyll-a (0-200 ug/L or 0-2,000 RFU, 420 nm excitation / 670 nm emission) and phycocyanin (0-1,500 ug/L or 0-750 RFU, 575 nm excitation / 642 nm emission), alongside parameters including water and air temperature (0-50 C), turbidity (0-200 NTU), and photosynthetically active radiation (0-2,000 PAR). Company marketing material also lists pH, dissolved oxygen, conductivity, ORP, UV254 and dissolved organic matter among available sensors. Data is transmitted every 30 minutes over 4G LTE with automatic switching across three carriers; satellite communication is listed as available in Q4 2025.
The buoy is solar powered with battery storage rated for about three weeks of reserve operation without sunlight and 3-5 year battery life, uses self-cleaning wipers on the optical sensors, and is designed for deployment in 30-60 minutes by non-specialist maintenance staff without boats or cranes. Customers access measurements through a web dashboard at aquarealtime.io that offers trend analysis, customizable reports, configurable thresholds with automatic email alerts, a generic RFU-to-ug/L conversion, a one-point field calibration tool for site-specific accuracy, and a chlorophyll-a to phycocyanin ratio indicator used to distinguish green-algae/diatom-dominated conditions from cyanobacteria dominance. An API supports integration with existing SCADA and water management platforms. The company states its technology is patent pending and that third-party testing showed accuracy of R2 = 0.999.
Founding story
Christopher Lee, who holds a PhD in electrical engineering from CU Boulder, previously designed robotic medical simulators at Medical Simulation Corporation and then founded and bootstrapped Algae Lab Systems, which supplied automation and monitoring systems to commercial algae growers. That experience exposed the limits of manual sampling, legacy sensors and satellite data for monitoring large water bodies. In 2019 Lee's team developed a solution based on core optical fluorescence sensor technology, assembled from opto-electronics, mechanical and electrical engineering staff, and began manufacturing the product the following year despite pandemic conditions.
Business model
AquaRealTime sells a turnkey hardware system (sensor buoy, rigging package and included cellular connectivity, described as "everything except the anchor") combined with a SaaS dashboard providing analytics, alerting and reporting. Connectivity is managed by the company, so customers require no SIM cards, data plans or IT configuration. The company has also drawn non-dilutive revenue from federal sources, including an EPA SBIR award and a USGS purchase order covering an Algae Tracker buoy system with standard and preventive maintenance.
Sale or supply of AlgaeTracker buoy systems paired with subscription-style access to the analytics dashboard and included cellular telemetry; maintenance is also contracted, as in the USGS purchase order for standard and preventive maintenance of an Algae Tracker buoy system.
Traction
Published customer material includes a Gulf Coast water treatment facility that moved monitoring upstream of its plant, with commentary from a hydrologist and senior lab chemist at Gulf Coast Water, and Nano Infusion Technologies, whose lead project manager described using AlgaeTracker data to assess water quality and validate treatment outcomes. The company received a USGS purchase order worth up to $19,584 in October 2021 for an Algae Tracker buoy system with standard and preventive maintenance, performed in Middleton, Wisconsin, and a $396,192 EPA SBIR Phase II award in 2021 following an earlier Phase I award of up to $100,000. Gust lists four employees and previous investor Techstars (unconfirmed).
Latest developments
Through 2025 the company published customer case studies and operational guidance, including a June 2025 account of a Gulf Coast water treatment facility moving monitoring upstream, May 2025 material on Nano Infusion Technologies' use of real-time data, and a September 2025 piece on calculating water treatment ROI from real-time monitoring. It also released guidance from CEO Christopher Lee on interpreting RFU, chlorophyll-a and phycocyanin readings and introduced dashboard field calibration and chlorophyll-to-phycocyanin ratio tooling. Satellite communication is listed as available in Q4 2025 alongside existing cellular connectivity.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
AquaRealTime positions AlgaeTracker against manual sampling, legacy in-situ sensors, and satellite-derived water quality data, arguing those approaches are respectively expensive and unscalable or insufficiently accurate and coarse in resolution. Its stated differentiators are deployment speed, data density and actionable SaaS analytics. A 2021 EPA release identified the company as one of eight small businesses nationally receiving SBIR Phase II funding for environmental technology commercialization, and Gust lists the company as "Product In Market" in clean technology.
Stated differentiators include a turnkey package requiring no specialized installation crews or infrastructure, 30-60 minute deployment by non-technical staff, single-person portability at 8 lbs, fully managed cellular connectivity, self-cleaning sensors and quarterly-inspection maintenance cadence, in-dashboard field calibration that corrects a time series without retrieving the unit, and claimed reductions in sampling costs of up to 80%.
Technology
The system relies on optical fluorescence detection of algal pigments: sensors emit light at a defined excitation wavelength and measure the pigment's emission, with analog and digital signal processing intended to suppress ambient-light contamination so measurements remain valid day or night and in varying weather. The buoy is solar powered with integrated battery storage and automatic energy optimization that adjusts sampling intervals in low light, includes self-cleaning optical wipers and self-diagnostics for sensor, power and connectivity health, and reports over 4G LTE. On the software side, the company applies analytics and machine learning to improve risk assessment over time, and provides conversion between relative fluorescence units and micrograms per liter via a default empirical factor derived from controlled experiments with multiple cyanobacteria and algae strains or via user-entered lab-verified field calibration points.
Go-to-market
Direct sales supported by demo scheduling and calls with the CEO through the company website, a content and case-study blog featuring named customers and partners, and participation in accelerator programs. Luminate's accelerator provided sales and marketing process education, metrics coaching and introductions to federal grants, Empire State Development and private investment firms; the company also sought to use that network to recruit engineering and sales staff and to expand into the Southern Hemisphere, where seasonal water quality problems are offset from the Northern Hemisphere.
Municipal and drinking water utilities with multiple water assets and limited budgets and staffing, state environmental departments and agencies, recreational waterway managers such as cities, parks and lake associations, water treatment companies, industrial facilities, federal agencies, aquaculture operators, and manufacturers of contamination cleanup and prevention products, which the company cited as its initial focus.
Geography
Headquartered in Boulder, Colorado, with US deployments including a USGS contract performed in Middleton, Wisconsin and customer work on the Texas Gulf Coast. The company participated in the Luminate accelerator in Rochester, New York, and stated an intent to expand into the Southern Hemisphere.
History
Gust lists the company's founding as November 2018 and its incorporation as a C-corp. The technical solution was developed in 2019 and manufacturing began in 2020. In April 2021 the EPA announced a $396,192 SBIR Phase II award to the company, and in October 2021 the USGS issued a purchase order for an Algae Tracker buoy system with maintenance running to September 2026. The company was part of a 2023 Luminate accelerator cohort in Rochester, New York, focused on optics, photonics and imaging. Customer case studies and product content continued through 2025, with satellite connectivity announced as available in Q4 2025.
Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsIn addition to existing cellular telemetry, the company listed satellite communication as available in Q4 2025 for reliable data transmission from remote locations.
AquaRealTime was profiled as a participant in the Luminate accelerator cohort in Rochester, New York, for startups working on optics, photonics and imaging technologies. Luminate provided sales and marketing education, metrics coaching, and introductions to federal grants, Empire State Development and private investment firms.
The USGS Office of Acquisitions and Grants awarded purchase order 140G0221P0210 worth up to $19,584 for an Algae Tracker Buoy System with standard and preventive maintenance, place of performance Middleton, Wisconsin. The fixed-price, small-business set-aside award was competed under simplified acquisition procedures with two bids received and runs from October 1, 2021 to September 30, 2026.
$19.6K source ↗
The U.S. Environmental Protection Agency announced AquaRealTime, Inc. among eight small businesses receiving SBIR Phase II funding; the company's $396,192 award supports development of a sensor deployable by a non-specialist in 30 minutes for early detection and monitoring of harmful algal blooms in surface waters. The company had previously received SBIR Phase I funding of up to $100,000 for proof of concept.
$396.2K source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 9
primary sources listed
- AquaRealTimealgaetracker.com · web
9 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does AquaRealTime do?
- AquaRealTime builds solar-powered IoT sensor buoys and a cloud dashboard for real-time detection of harmful algae blooms.
- Who founded AquaRealTime?
- AquaRealTime was founded by Christopher Lee in 2019.
- Who are AquaRealTime's investors?
- AquaRealTime's investors include Techstars.
- How much funding has AquaRealTime raised?
- AquaRealTime has disclosed $65K raised across 2 rounds.
- Where is AquaRealTime headquartered?
- AquaRealTime is headquartered in Boulder, US.

