CRH Ventures has partnered with FIDO Tech to enhance water conservation through innovative AI-driven leak detection solutions, aiming to address critical water management challenges.

Information on the Target

CRH Ventures, the venture capital arm of CRH, has launched an initiative focused on water conservation through innovative technology. The program encompasses a Water Solutions accelerator that is dedicated to identifying start-ups that are developing disruptive technologies for the water management sector. Recently, CRH Ventures has invested significantly in FIDO Tech, a company specializing in artificial intelligence (AI) leak detection software. This investment aims to minimize water leakage, reduce downtime, and preserve essential water resources.

FIDO Tech’s AI-driven technology serves as an integral tool for CRH in providing water management insights to utilities and municipalities. By using these insights, CRH is enhancing water resilience and participating in progressive programs aimed at replenishing and protecting water resources, particularly in the Colorado River Basin.

Industry Overview in the Target's Specific Country

The water management industry is undergoing a transformative phase fueled by an urgent need for sustainability in the face of climate change and increasing urban populations. The implications of inadequate water management, resulting from outdated stormwater