VODA.ai, a Boston, MA-based AI-powered asset management solution provider for water and wastewater utilities, has announced a recent investment.
SaaS Investors
The investment was from Ferguson Ventures.
Ferguson plc is the Corporate Venture Capital (CVC) arm of Ferguson. Ferguson is the value-added distributor in North America providing expertise, solutions, and products from infrastructure, plumbing, and appliances to HVAC, fire, fabrication, and more. They exist to make is customers' complex projects simple, successful, and sustainable. Ferguson is headquartered in the U.K., with its operations and associates solely focused on North America and managed from Newport News, Virginia.
VODA.ai Use of Funds
The investment will be used to support VODA.ai's growth and distribution efforts, enabling the company to better serve water and wastewater utilities in the United States.
About VODA.ai
VODA.ai is a Software-as-a-Service company that offers water and wastewater utilities methods for prioritizing repairs and capital improvement projects in their transmission, distribution, and collection systems. The company focuses on risk modeling, lead line management, leak monitoring, condition assessment, and capital planning. It uses AI to provide risk modeling solutions and help water utilities make smart decisions based on science. VODA.ai's patent-pending artificial intelligence technology discovers patterns in pipe networks and enables science-based decision-making. The company is headquartered in Boston, Massachusetts.
Funding Details
Company: Voda Inc.
Raised: Undisclosed
Round: Unknown
Funding Month: September 2023
Lead Investors: Ferguson Ventures
Additional Investors:
Company Website: https://voda.ai/
Software Category: AI-powered Asset Management Solution
Source: https://www.prnewswire.com/news-releases/ferguson-invests-in-vodaai-to-help-support-the-water-industry-301934932.html