FIDO AI Raises Series B Investment to Scale Its Innovative Water Management Technology
FIDO AI, a software company specializing in AI-led non-revenue water reduction and water data insights, has secured Series B funding led by CRH Ventures, the venture capital unit of CRH. This investment will help FIDO AI scale its business, consolidate its position in the global water management sector, and expand into the smart infrastructure market.
The funding will accelerate FIDO AI's commercial success in global water management and corporate water stewardship, while also pursuing strategic opportunities in adjacent building, equipment, and infrastructure delivery markets. FIDO's unique volumetric AI technology, developed in 2019, has become a leading solution in smart water management, providing data insights on hidden water leaks and broader watershed management.
FIDO Plus, the company's corporate water stewardship model, enables corporations to support the deployment of FIDO's AI on local utility networks, contributing to water availability through watershed replenishment. Microsoft is among the multinational companies using FIDO Plus for their global water stewardship programs.
FIDO AI, un'azienda software specializzata nella riduzione dell'acqua non fatturata tramite intelligenza artificiale e nell'analisi dei dati idrici, ha ottenuto un finanziamento di Serie B guidato da CRH Ventures, l'unità di venture capital di CRH. Questo investimento aiuterà FIDO AI a scalare il proprio business, consolidare la sua posizione nel settore globale della gestione delle risorse idriche e espandersi nel mercato delle infrastrutture intelligenti.
Il finanziamento accelererà il successo commerciale di FIDO AI nella gestione globale dell'acqua e nella stewardship idrica aziendale, perseguendo anche opportunità strategiche nei mercati adiacenti della costruzione, attrezzature e fornitura di infrastrutture. La tecnologia AI volumetrica unica di FIDO, sviluppata nel 2019, è diventata una soluzione leader nella gestione intelligente dell'acqua, fornendo approfondimenti sui perdite idriche nascoste e una gestione più ampia dei bacini idrografici.
FIDO Plus, il modello di stewardship idrica aziendale dell'azienda, consente alle aziende di supportare il dispiegamento dell'AI di FIDO sulle reti idriche locali, contribuendo alla disponibilità d'acqua attraverso il reintegro dei bacini idrografici. Microsoft è tra le multinazionali che utilizzano FIDO Plus per i loro programmi globali di stewardship idrica.
FIDO AI, una empresa de software especializada en la reducción de agua no registrada mediante inteligencia artificial y en la obtención de información de datos hídrico, ha asegurado financiamiento de la Serie B liderado por CRH Ventures, la unidad de capital de riesgo de CRH. Esta inversión ayudará a FIDO AI a escalar su negocio, consolidar su posición en el sector global de gestión del agua y expandirse al mercado de infraestructuras inteligentes.
El financiamiento acelerará el éxito comercial de FIDO AI en la gestión global del agua y la administración hídrica corporativa, mientras persigue oportunidades estratégicas en los mercados adyacentes de construcción, equipos y entrega de infraestructuras. La tecnología de inteligencia artificial volumétrica única de FIDO, desarrollada en 2019, se ha convertido en una solución líder en la gestión inteligente del agua, proporcionando información sobre fugas ocultas de agua y una gestión más amplia de cuencas hidrográficas.
FIDO Plus, el modelo de administración hídrica corporativa de la compañía, permite a las corporaciones apoyar el despliegue de la IA de FIDO en las redes de servicios públicos locales, contribuyendo a la disponibilidad de agua a través del reabastecimiento de cuencas. Microsoft se encuentra entre las multinacionales que utilizan FIDO Plus para sus programas globales de manejo del agua.
FIDO AI는 인공지능 기반의 비수익성 수돗물 감소 및 물 데이터 인사이트를 전문으로 하는 소프트웨어 회사로, CRH Ventures가 주도하는 시리즈 B 투자를 확보했습니다. 이 투자는 FIDO AI가 사업을 확장하고, 글로벌 물 관리 분야에서의 입지를 강화하며, 스마트 인프라 시장으로의 확장을 도울 것입니다.
이번 자금 지원은 FIDO AI의 글로벌 물 관리 및 기업 물 관리에서의 상업적 성공을 가속화하고, 인접한 건물, 장비 및 인프라 제공 시장에서 전략적 기회를 추구할 것입니다. 2019년에 개발된 FIDO의 독창적인 볼륨 AI 기술은 스마트 물 관리 분야의 선도적인 솔루션으로 자리잡아, 숨겨진 물 누수와 더 넓은 유역 관리에 대한 데이터 인사이트를 제공합니다.
FIDO Plus는 기업들이 FIDO의 AI를 지역 유틸리티 네트워크에 배치하도록 지원하는 기업 물 관리 모델로, 유역 재충전을 통해 물 가용성에 기여할 수 있게 합니다. Microsoft는 글로벌 물 관리 프로그램을 위해 FIDO Plus를 사용하는 다국적 기업 중 하나입니다.
FIDO AI, une entreprise de logiciels spécialisée dans la réduction de l'eau non facturée grâce à l'intelligence artificielle et dans les analyses de données sur l'eau, a sécurisé un financement de Série B dirigé par CRH Ventures, l'unité de capital-risque de CRH. Cet investissement aidera FIDO AI à développer son activité, à consolider sa position dans le secteur mondial de la gestion de l'eau et à s'étendre sur le marché des infrastructures intelligentes.
Le financement va accélérer le succès commercial de FIDO AI dans la gestion de l'eau à l'échelle mondiale et dans la gestion de l'eau des entreprises, tout en poursuivant des opportunités stratégiques sur les marchés adjacents de la construction, de l'équipement et de la livraison d'infrastructures. La technologie unique d'intelligence artificielle volumétrique de FIDO, développée en 2019, est devenue une solution leader dans la gestion intelligente de l'eau, fournissant des informations sur les fuites d'eau cachées et une gestion plus large des bassins versants.
FIDO Plus, le modèle de gestion de l'eau de l'entreprise, permet aux entreprises de soutenir le déploiement de l'IA de FIDO sur les réseaux de services publics locaux, contribuant ainsi à la disponibilité de l'eau grâce au renouvellement des bassins versants. Microsoft figure parmi les entreprises multinationales qui utilisent FIDO Plus pour leurs programmes mondiaux de gestion de l'eau.
FIDO AI, ein Softwareunternehmen, das auf die Reduzierung von nicht abrechenbarem Wasser durch KI und auf Wasseranalysen spezialisiert ist, hat Finanzierung der Serie B erhalten, angeführt von CRH Ventures, dem Venture-Capital-Bereich von CRH. Diese Investition wird FIDO AI helfen, sein Geschäft zu skalieren, seine Position im globalen Wassermanagement-Sektor zu festigen und in den Markt für intelligente Infrastruktur zu expandieren.
Die Finanzierung wird den komerziellen Erfolg von FIDO AI im globalen Wassermanagement und in der unternehmerischen Wasserbewirtschaftung beschleunigen und gleichzeitig strategische Möglichkeiten in angrenzenden Bereichen der Bau-, Ausstattungs- und Infrastrukturwettbewerb suchen. Die einzigartige volumetrische KI-Technologie von FIDO, die 2019 entwickelt wurde, hat sich zu einer führenden Lösung im Bereich intelligentes Wassermanagement entwickelt und liefert Datenanalysen zu versteckten Wasserlecks und einem umfassenderen Einzugsgebietsmanagement.
FIDO Plus, das Unternehmensmodell für Wasserbewirtschaftung, ermöglicht es Unternehmen, die Einführung von FIDOs KI in lokalen Versorgungsnetzen zu unterstützen und zur Verfügbarkeit von Wasser durch die Auffüllung von Einzugsgebieten beizutragen. Microsoft gehört zu den multinationalen Unternehmen, die FIDO Plus für ihre globalen Wasserbewirtschaftungsprogramme nutzen.
- Secured Series B funding led by CRH Ventures
- Expansion into smart infrastructure market
- Partnership with Oldcastle Infrastructure in the US
- Leading technology in smart water management
- Corporate water stewardship model (FIDO Plus) gaining traction with major companies like Microsoft
- None.
- Series B funding is led by CRH Ventures, the venture capital unit of CRH, a leading provider of building materials solutions
- The investment will help further consolidate FIDO’s position in the global water management sector and enable strategic expansion into the smart infrastructure market
The investment round was led by CRH Ventures, the venture capital unit of CRH, a leading provider of building materials solutions. CRH Ventures joins FIDO’s existing investors SKion Water GmbH, Emerald Technology Ventures and others.
The new funding will enable FIDO AI’s management team to accelerate their continued commercial success in global water management and corporate water stewardship and to pursue additional strategic opportunities in adjacent building, equipment and infrastructure delivery markets.
FIDO CEO Victoria Edwards said: “I am thrilled to announce CRH Ventures’ investment in FIDO which builds on our existing partnership with CRH through its Oldcastle Infrastructure business in
“The strong strategic relationship with CRH is fundamentally the right one for FIDO. It places us in the right market ecosystem to position FIDO AI as the world’s go-to smart solution for water resilience and water stewardship across infrastructure build, maintenance, management and sustainability reporting.”
Eduardo Gomez, Head of CRH Ventures, said: “This investment underscores our commitment to scaling the most promising and cutting-edge innovative technologies. FIDO’s AI technology aligns seamlessly with CRH’s focus on developing innovative and sustainable solutions for the built environment. We look forward to strengthening our existing partnership, particularly through Oldcastle Infrastructure, our US-based water infrastructure business, to drive transformative impact in water management.”
Jason Jackson, President, Oldcastle Infrastructure said: “The investment in FIDO AI is an important part of our enduring commitment to utilize innovative technologies to advance critical infrastructure solutions that solve global water challenges. Together, we will forge an alliance focused on reducing the serious impact of water loss in our communities while evolving leak detection technology to create a more sustainable future.”
FIDO’s unique volumetric AI has become a leading technology in the field of smart water management since its development in 2019. As well as providing unparalleled data insight on the presence, size and accurate location of hidden water leaks using acoustic analysis, FIDO’s AI is increasingly being used for broader watershed level management, including proactive maintenance, and, through its FIDO Plus offering, for collaborative corporate water replenishment programs.
The FIDO Plus innovative corporate water stewardship model, in collaboration with Oldcastle Infrastructure in
Microsoft is one of a growing number of multinational companies using FIDO Plus as a key part of their global water stewardship programs, with projects in
About FIDO AI
FIDO is a
About CRH Ventures
CRH Ventures is the venture capital unit of CRH, a leading provider of building materials solutions. With access to a
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.78,500 people at c.3,390 operating locations in 28 countries, CRH has market leadership positions in both
About Oldcastle Infrastructure
Oldcastle Infrastructure, A CRH Company, is the leading provider of infrastructure solutions to several North American market sectors, including Water, Communications, Energy, and Transportation. For more information, visit www.oldcastleinfrastructure.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241002497960/en/
For media information:
Contact FIDO on at CEO@fido.tech
Contact CRH: Jack Flaherty, jack.flaherty@edelmansmithfield.com
Source: FIDO AI Ltd
FAQ
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