FIDO AI raises Series B funding led by CRH Ventures to scale water resilience technology.
The investment round was led by CRH Ventures with participation from existing backers such as SKion Water.
FIDO AI provides software tools using artificial intelligence to improve global water resilience through non-revenue water reduction and data insights. The firm operates across five continents with offices in the United Kingdom and the United States.
FIDO AI has secured Series B funding led by CRH Ventures, with participation from existing backers including SKion Water and Emerald Technology Ventures. The capital will enable the software firm to accelerate commercial growth in global water management and corporate stewardship, while pursuing opportunities in adjacent infrastructure sectors.
The investment builds on an existing commercial relationship between FIDO and CRH through Oldcastle Infrastructure in the United States. FIDO intends to use the backing to scale its presence in new markets and establish its technology as a standard solution for water resilience.
From the founder
"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."
Victoria Edwards
CEO at FIDO AI
Investor perspective
"This investment underscores our commitment to scaling the most promising and cutting-edge innovative technologies."
Eduardo Gomez
Head of CRH Ventures, CRH Ventures
Use of funds
- 01Expand into international markets
- 02Accelerate go-to-market
- 03Fund acquisitions
Investors
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About the company
FIDO AI
Fido Tech develops artificial intelligence software to detect water leaks and manage water resilience globally.