Voda.ai Secures Investment from Ferguson Ventures to Advance Water Utility Management

Voda.ai, a leading US-based provider of AI-powered asset management solutions for water and wastewater utilities, has announced a strategic investment from Ferguson Ventures. While the exact amount of the investment remains undisclosed, it signifies a significant step forward for Voda.ai‘s mission to revolutionize water utility management.

The funding injection will be directed towards fostering continued growth and expanding distribution channels, bolstering its commitment to providing innovative solutions in the water utility sector.

Under the leadership of CEO George Demosthenous, Voda.ai operates as a Software as a Service (SaaS) company, offering water and wastewater utilities a powerful platform to enhance their decision-making processes related to repairs and capital improvement projects. The platform’s capabilities encompass risk modeling, lead line management, leak monitoring, condition assessment, and capital planning.

Voda.ai‘s software has already made substantial strides, having analyzed over 1 million miles of pipe infrastructure across 17 states and 6 countries. This data-driven approach empowers utilities to proactively address issues, optimize their infrastructure investments, and ensure the efficient delivery of water services to communities.

Ferguson Ventures, the Corporate Venture Capital (CVC) arm of Ferguson plc (NYSE: FERG; LSE: FERG), plays a pivotal role in this strategic partnership. Ferguson plc is renowned for its expertise and product offerings spanning infrastructure, plumbing, appliances, HVAC, fire solutions, fabrication, and more. In a move that further solidifies this collaboration, Ferguson and Voda.ai have entered into an exclusive distribution arrangement in the US market. This initiative amplifies and accelerates Voda.ai’s capacity to serve water utilities, ensuring that their cutting-edge solutions reach those who need them most.

The investment from Ferguson Ventures is a testament to the potential of Voda.ai’s technology and its commitment to revolutionizing water utility asset management. As the world faces increasing challenges related to water scarcity and infrastructure maintenance, innovations like those offered by Voda.ai are crucial for creating a more sustainable and efficient future.