Buoy Labs operates in the smart home technology market, focusing on water management solutions. The company serves homeowners who are looking to optimize their water usage while maintaining their quality of life. Buoy Labs' core product is the Buoy Whole Home Water Controller, a device that monitors and manages water consumption in real-time. The controller can be installed on exposed pipes and provides data-driven insights to help users make informed decisions about their water usage. The business model revolves around selling these smart devices and potentially offering subscription-based services for advanced data analytics and support. Revenue is generated through direct sales of the hardware and any associated service fees. Buoy Labs has been recognized for its innovative approach, earning accolades such as the 2018 CES Innovation Award and the Fast Company World Changing Ideas Award. The company aims to contribute to a more sustainable and equitable future by helping communities better manage their water resources.

Keywords: smart home, water management, sustainability, real-time monitoring, data analytics, home automation, water conservation, innovative design, CES award, household efficiency.