CRH Ventures, the venture capital unit of CRH, participated in a Series B investment round for FIDO AI Ltd, a software company specializing in AI-led non-revenue water reduction. This investment aims to further scale FIDO AI's innovative water management technology.
The strategic partnership builds on an existing relationship between CRH and FIDO AI through CRH's Oldcastle Infrastructure business in North America. FIDO AI's technology utilizes data insights to minimize water leakage, reduce downtime, and preserve valuable water resources.
This investment underscores CRH's commitment to enhancing its water management capabilities and addressing global water challenges. It aligns with the company's broader strategy of investing in innovative technologies for a more sustainable built environment.
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