FIDO AI Raises Series B Investment to Scale Its Innovative Water Management Technology
Series B funding is led by CRH Ventures, the venture capital unit of CRH, a leading provider of building materials solutionsThe investment will help further consolidate FIDO’s position in the global water management sector and enable strategic expansion into the smart infrastructure market
FIDO AI Ltd – the software company helping to rapidly improve global water resilience using AI-led non-revenue water (NRW) reduction and curated water data insights – today announced that it has raised Series B funding required to further scale its business.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002497960/en/
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 United States. This investment not only secures our company’s future, but it will also allow us to grow at scale in markets we could not easily have reached and to really fulfil our mission of creating a world without water scarcity.
“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 the United States, enables corporates to support the deployment of FIDO’s AI on local utility networks where it is used to prioritise, verify and monitor the rapid repair of large leaks. The volume of water thus saved is validated using volumetric water benefit (VWB) accounting, a methodology for valuing water stewardship activities which is recognised by the Alliance for Water Stewardship (AWS). Saved water contributes immediately to water availability through watershed replenishment and can be claimed as a VWB against corporate environmental, social and governance goals.
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 London, Mexico and the Colorado river basin.
About FIDO AI
FIDO is a UK-based global technology company using deep learning from its vast curated water data sets to rapidly improve global water management and community water resilience at scale. Its AI is the only technology which can find leaks and other events occurring on water pipeline networks in real time and rank them by size for effective prioritization. Its results are validated using volumetric water benefit accounting, a methodology for valuing water stewardship activities which is recognised by the Alliance for Water Stewardship (AWS). FIDO AI is now used in five continents, with offices in the UK and the US. For more information visit www.fido.tech.
About CRH Ventures
CRH Ventures is the venture capital unit of CRH, a leading provider of building materials solutions. With access to a $250M Venturing and Innovation Fund, CRH Ventures partners with and invests ambitiously and strategically in ConTech and ClimateTech start-ups across the entire construction value chain. For more information visit www.crhventures.com.
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 North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE. For more information visit: www.crh.com
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/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
A-CAP Announces Successful Divestiture of Standard de Liège SA and Immobilière du Standard de Liège SRL6.6.2025 22:32:00 CEST | Press release
Successful Transaction Marks Another Milestone in A-CAP’s Soccer Club Portfolio Strategy Advantage Capital Holdings, LLC (“A-CAP” or “The Company”), a New York-based insurance and financial services company with over $12 billion in assets, today announced the successful divestiture of Standard de Liège SA (“Standard Liège” or the “Club”), one of Belgium's most historic soccer clubs, and Immobilière du Standard de Liège SRL, the corporate entity that owns the Club's stadium, Maurice Dufrasne Stadium, to a consortium of buyers led by Standard Liège Chief Executive Officer Giacomo Angelini. This transaction marks the end of 777 Partners’ legacy involvement with the Club and sets the stage for the Club’s future growth and success, both on and off the field. Benefits of the transaction include: Increased stability across the Club’s shareholder base, which clears the path for future investments, Operational clarity, establishing a unified direction that will allow both players and management
Populous Acquires Fentress Architects, Expanding Global Aviation Portfolio6.6.2025 20:00:00 CEST | Press release
Populous, the world-renowned design firm specializing in sport and entertainment venues, today announced the acquisition of Denver-based Fentress Architects, a global leader in iconic aviation projects and prominent public buildings, including convention centers, museums and government facilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250606849000/en/ Los Angeles International Airport. Designed by Fentress Architects. This strategic acquisition unites two of the most respected names in architecture, combining Populous’ unparalleled expertise in designing memorable experiences with Fentress’ award-winning portfolio of aviation, civic and cultural landmarks. The acquisition significantly broadens the scope and scale of services that Populous can offer clients across the globe. Bruce Miller, Populous Global Chair and CEO, commented: “We are committed to expanding the breadth of our practice. Fentress Architects has lon
Vertex Presents New Data on Benefits of ALYFTREK® and Importance of Achieving Lower Sweat Chloride Levels at the European Cystic Fibrosis Conference6.6.2025 18:00:00 CEST | Press release
- Oral presentation on outcomes following treatment with CFTR modulators show that improvements in CFTR function, as measured by lower sweat chloride, correlate with better outcomes for people with cystic fibrosis - - Oral presentation on new post hoc data from randomized, controlled and open-label trials suggest improved quality of life results with ALYFTREK compared to TRIKAFTA® – Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced data across multiple studies demonstrating positive clinical and quality of life benefits of treatment with CFTR modulators and, in particular, ALYFTREK® (vanzacaftor/tezacaftor/deutivacaftor), which is approved in the United States and United Kingdom and is currently under review with health authorities in the EU, Canada, Australia, New Zealand and Switzerland. These data were presented at this year’s European Cystic Fibrosis Society’s (ECFS) 48th European Cystic Fibrosis Conference held June 4-7, 2025, in Milan, Italy. During the conferenc
Andersen Consulting tilføjer dimension med David and Golyat6.6.2025 16:33:00 CEST | Pressemeddelelse
Andersen Consulting udbygger sin globale konsulentkapacitet gennem en samarbejdsaftale med David and Golyat, en filippinsk konsulentvirksomhed inden for digital strategi. Med et stærkt fokus på business intelligence, kundeindsigt og digital first-eksekvering arbejder David and Golyat med kunder på tværs af flere sektorer – herunder regeringer, udviklingsorganisationer og private virksomheder – for at skabe langsigtet værdi gennem datainformerede beslutninger. Miko David, administrerende partner i David and Golyat, siger: "Vi ser frem til samarbejdet med Andersen Consulting, da det er en milepæl i vores vækstforløb. Ved at kombinere vores ekspertise inden for digital strategi og Andersen Consultings globale platform er vi i stand til at levere endnu større værdi til kunder, der navigerer på komplekse markeder." "Dette samarbejde betyder, at vi kan tilføre en ekstra dimension til vores globale konsulentplatform," siger Mark L. Vorsatz, global bestyrelsesformand og administrerende direktø
IBSA Derma at IMCAS Asia 2025: spotlight on the future of aesthetic medicine in the 10th Anniversary Year of NAHYCO® Technology6.6.2025 16:00:00 CEST | Press release
IBSA Derma, the dermoaesthetic division of Swiss company IBSA, will participate in the 18th IMCAS Asia Congress in Bangkok, gathering over 3,000 professionals from across the region to explore the future of aesthetic and regenerative medicine.With the presence in the Congress and a dedicated scientific symposium, the company reaffirms its commitment to advancing bioremodeling approaches and promoting a holistic, science-driven vision of authentic beauty.This year marks a key milestone for IBSA Derma: 10 years of NAHYCO® Technology, a patented innovation in hyaluronic acid science that continues to shape the future of tissue regeneration. IBSA Derma – the dermoaesthetic division of IBSA – once again confirms its leadership in the international aesthetic medicine landscape by participating in the 18th edition of IMCAS Asia, taking place from June 6 to 8 in Bangkok, Thailand. With over 3,000 attendees expected, the event represents a key opportunity for physicians and experts to share the
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom