AI platform for water infrastructure management gains traction with new investment
CRH Ventures has led a Series A investment in VODA.ai.
Founded in 2017, VODA.ai's platform helps utilities to manage aging water infrastructure by providing AI-driven predictive analytics to assess pipe condition and risk across transmission, distribution, and collection systems. To date, the Boston-based company's proprietary platform has analyzed over one million miles of pipe across 26 U.S. states and six countries, enabling utilities to prioritize the protection of critical infrastructure and efficiently allocate resources.
"This investment expands CRH's existing smart water management solutions and represents a significant step forward in our mission to support technologies that make infrastructure smarter, more resilient, and more sustainable," said Eduardo Gomez Mendoza, Head of CRH Ventures. "VODA.ai is a standout innovator in AI-driven asset management that can play a critical role in helping utilities around the world to deliver safe, reliable and clean water to the communities they serve."
The investment will support VODA.ai's growth, expand its R&D capabilities, and accelerate innovation to better serve municipal utilities and private water operators worldwide. It builds on a commercial partnership announced earlier this week between VODA.ai and Oldcastle Infrastructure, CRH's leading water infrastructure business in North America, which will enhance market access and collaboration opportunities.
"CRH brings more than capital - it brings global reach, deep infrastructure expertise, and a shared vision for innovation," said George Demosthenous, CEO of VODA.ai. "We're excited to work together to scale our impact and help utilities make smarter, data-driven decisions."
"This investment in VODA.ai reflects CRH's commitment to supporting transformative solutions that address the world's most pressing infrastructure challenges," added Jason Jackson, President, Oldcastle Infrastructure. "We're excited to support its next phase of growth."
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