CRH has invested in VODA.ai to enhance water asset management using AI technology, addressing severe challenges in U.S. water infrastructure.
Target Information
VODA.ai is an innovative technology firm specializing in artificial intelligence solutions aimed at improving water asset management. Their proprietary technology allows for the rapid and accurate identification of high-risk areas within underground clean water systems, significantly aiding in the prediction of potential pipe failures, and assessing related business risks. By providing detailed insights into the health and risks associated with water and wastewater infrastructure, VODA.ai stands out as a key player in mitigating the substantial issues arising from aging water systems.
As the infrastructure in the U.S. faces drastic challenges, with an estimated $6.4 billion lost each year due to water leaks and main breaks, companies like VODA.ai are essential in transforming outdated systems into more efficient and resilient structures. The partnership with CRH not only highlights VODA.ai's technological prowess but also demonstrates a collective effort towards addressing critical infrastructure deficits.
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Industry Overview
The water infrastructure sector in the U.S. is currently under significant strain, primarily due to decades of underinvestment and increasing regulatory demands. Experts warn that the existing systems are nearing a break
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CRH
invested in
VODA.ai
in
in a Corporate VC deal