Investment Announcement
CRH Ventures leads Series B funding round in FIDO AI
CRH Ventures has announced a strategic investment in UK based FIDO AI, an AI-driven software company leading the way in water resilience and non-revenue water (NRW) reduction. The Series B funding will enable FIDO AI to scale its business globally and pursue new opportunities in the water management and infrastructure sectors.
FIDO AI's innovative technology identifies and sizes hidden water leaks, helping utilities and corporations conserve water, reduce operational costs, and improve sustainability. Through its FIDO Plus program, FIDO also enables corporate water stewardship by deploying AI across local utility networks, rapidly repairing leaks, and using Volumetric Water Benefit (VWB) accounting to validate water savings.
“We’re excited to lead this investment in FIDO AI and deepen our partnership, particularly through Oldcastle Infrastructure, our U.S. water infrastructure business,” said Eduardo Gomez, Head of CRH Ventures. “FIDO’s technology aligns perfectly with our focus on sustainable solutions for the built environment and promises transformative impact in water management.”
FIDO AI’s CEO, Victoria Edwards, shared, “This investment allows us to scale into markets we couldn’t easily reach and brings us closer to achieving our mission of a world without water scarcity. CRH’s strategic support positions FIDO AI as a global leader in water resilience and stewardship.”
As FIDO AI continues to expand, global companies like Microsoft are already incorporating FIDO Plus into their water stewardship initiatives, demonstrating the broader applications and impact of this cutting-edge technology.