BOSTON, Sept. 21,
2023 /PRNewswire/ -- VODA.ai, an AI-powered asset
management solution for water and wastewater utilities, has
announced a recent investment from Ferguson Ventures, the Corporate
Venture Capital (CVC) arm of Ferguson. VODA.ai's solutions help
utilities make better-informed decisions using artificial
intelligence. This collaboration with Ferguson, a leading North
American value-added distributor serving the built-world industry,
allows VODA.ai to concentrate on continued growth and
distribution.
Ferguson invests in VODA.ai to help support
the water industry.
VODA.ai offers water and wastewater utilities a more effective
method for prioritizing repairs and capital improvement projects in
their transmission, distribution and collection systems. VODA.ai's
software has analyzed over 1 million miles of pipe across 17 states
and 6 countries. "Ferguson is committed to building water-resilient
communities by leveraging its business expertise," said
Blake Luse, Managing Director at
Ferguson Ventures. "We invested in VODA.ai to better support the US
utilities' infrastructure needs and prioritize critical
repairs."
VODA.ai focuses on risk modeling, lead line management, leak
monitoring, condition assessment and capital planning. Ferguson is
a leading distributor in municipal waterworks, metering technology
and treatment plant MRO supplies. Ferguson is dedicated to
maintaining and improving the quality of water infrastructure. By
combining VODA.ai's insights on pipe vulnerabilities and Ferguson's
cutting-edge solutions and products, both entities can
collaboratively enhance the longevity and reliability of water
infrastructure systems.
"We pride ourselves in helping water utilities preserve water,
their most valuable asset," said Darren
Campbell, Ferguson's National Senior Director of One
Municipal. "Our Ferguson Municipal Technology Solution team,
together with VODA.ai, will help our customers focus on repairing
and replacing their pipes with the highest risk of failure,
empowering them to allocate their capital expenditure budgets most
effectively."
Ferguson and VODA.ai have entered an exclusive distribution
relationship in the US market, amplifying and accelerating
VODA.ai's ability to serve utilities.
George Demosthenous, CEO at
VODA.ai, added, "This investment and expanded collaboration with
Ferguson marks a significant milestone in our mission to support
the water industry. Together, we will continue to innovate and
deliver exceptional value to utilities across the
country."
For more information, visit www.voda.ai or send an inquiry to
email@voda.ai.
About Ferguson
Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added
distributor in North America
providing expertise, solutions and products from infrastructure,
plumbing and appliances to HVAC, fire, fabrication and more. We
exist to make our 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. For more information,
please visit corporate.ferguson.com or follow us on LinkedIn
linkedin.com/company/ferguson-enterprises.
About VODA.ai
VODA.ai uses artificial intelligence to provide risk modeling
solutions and help water utilities make smart decisions based on
science. VODA.ai is a Software as a Service company serving
utilities worldwide. It is headquartered in Boston, Massachusetts. VODA.ai's
patent-pending artificial intelligence technology discovers
patterns in pipe networks and enables science-based decision
making.
Media Contact:
James Fitchett
jim@voda.ai
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SOURCE VODA.ai