Company Name: Voda.ai
Location: Boston, MA
Business Focus: AI-powered asset management solution for water and wastewater utilities
- Funding led by: Ferguson Ventures
- Purpose of Funding: To emphasize on continued growth and distribution of their SaaS solution across utilities.
Product: Software as a Service (SaaS) platform aiding water and wastewater utilities in prioritizing repairs and capital improvement projects within their transmission, distribution, and collection systems. The software delivers risk modeling, lead line management, leak monitoring, condition assessment, and capital planning solutions, bringing a data-centric approach to asset management in the utilities sector.
About Company: Under the leadership of CEO George Demosthenous, Voda.ai presents a fusion of AI technology and asset management to the water and wastewater utilities sector. With a profound impact, analyzing over 1 million miles of pipe across 17 states and 6 countries, the company's software stands as a testament to innovation in utility management.
The strategic investment from Ferguson Ventures, the Corporate Venture Capital arm of Ferguson plc, paves the way for an exclusive distribution relationship in the US market, propelling Voda.ai towards an accelerated growth trajectory. As Voda.ai embarks on this new chapter, the enhanced distribution and further development of its AI-powered asset management solution are set to redefine operational efficiency and strategic asset management for water and wastewater utilities, significantly amplifying their ability to serve utilities across the US and beyond.