CRH Ventures has led a Series B funding round for UK-based FIDO AI, an innovative software company focused on water resilience and NRW reduction, to expand its market presence and enhance water management solutions globally.

Information on the Target

FIDO AI, a leading AI-driven software company based in the UK, is at the forefront of enhancing water resilience and significantly reducing non-revenue water (NRW). The company's advanced technology enables the identification and quantification of hidden water leaks, providing valuable solutions for utilities and corporations aimed at conserving water resources and cutting down operational expenses. By facilitating improved sustainability practices, FIDO AI plays a critical role in modern water management.

Through its FIDO Plus program, the company actively promotes corporate water stewardship by leveraging AI technology across local utility networks. FIDO AI's innovative approach not only addresses immediate leak repairs but also implements Volumetric Water Benefit (VWB) accounting to substantiate water savings, which is crucial for both environmental and economic sustainability.

Industry Overview in the UK

The UK water sector is undergoing significant transformation, driven by the need for enhanced infrastructure and sustainable practices. With increasing concerns about water scarcity