Ferguson Ventures, the Corporate Venture Capital (CVC) arm of Ferguson, a leading North American value-added distributor in the built-world industry, has made an investment in VODA.ai, an AI-powered asset management solution for water and wastewater utilities.
VODA.ai’s platform utilizes artificial intelligence to help water and wastewater utilities make informed decisions about prioritizing repairs and capital improvement projects in their transmission, distribution, and collection systems. The software has analyzed more than 1 million miles of pipe across 17 states and 6 countries.
This investment from Ferguson Ventures aligns with Ferguson’s commitment to building water-resilient communities by leveraging its business expertise. The partnership aims to support the infrastructure needs of US utilities and prioritize critical repairs, ultimately enhancing the longevity and reliability of water infrastructure systems.
Ferguson is a leading distributor in municipal waterworks, metering technology, and treatment plant MRO supplies. By combining VODA.ai’s insights on pipe vulnerabilities with Ferguson’s cutting-edge solutions and products, the collaboration seeks to empower water utilities to allocate their capital expenditure budgets most effectively.
Ferguson and VODA.ai have entered an exclusive distribution relationship in the US market, which will amplify and accelerate VODA.ai’s ability to serve utilities.
George Demosthenous, CEO at VODA.ai, expressed excitement about the investment and expanded collaboration, seeing it as a significant milestone in their mission to support the water industry and deliver exceptional value to utilities across the country.