When your name means “water,” you better move like it. Seamless, unstoppable, essential. VODA.ai just did exactly that, closing a Series A led by CRH Ventures, with a heavy nod from L-Stone Capital, and a tight commercial lock-in with Oldcastle Infrastructure. This isn’t just capital, it’s catalyst, and it flows straight into one of the most critical issues plaguing civilization’s backbone: water infrastructure.
Let’s not sugarcoat the situation. We’ve got pipes in the ground older than Sinatra’s debut, leaking billions of gallons like it’s tradition. But VODA.ai isn’t here to patch, it’s here to predict. Using its daVinci™ AI engine, the platform runs probabilistic diagnostics on over one million miles of pipe, across 26 states and six countries. It sees the breaks before they break. And when you’re managing risk for the resource no one can live without, that kind of foresight isn’t luxury, it’s lifeline.
Founded in 2017 by George Demosthenous and Jim Fitchett, two minds that collided at Harvard and haven’t looked back since, VODA.ai blends utility grit with AI elegance. George, now CEO, pulled from his time running software product at Mueller Systems. Jim, a predictive health analytics savant, knew that if you can see a heart attack coming, you can damn sure forecast a water main burst.
Now add Kosmas Karadimitriou, ex-IBM machine learning architect, to that leadership lineup, and you’ve got a founding trio with tech, vision, and operational heat. The supporting cast isn’t filler either, Cory Sides (SVP Sales), Dan Hack (EVP Ops & International), and Lowell Rust (VP Customer Success) round out a crew built to scale. This is what a utility AI powerhouse looks like in formation.
And scale they will. With CRH Ventures and Oldcastle Infrastructure in play, VODA.ai isn’t just selling software, they’re embedding into CRH’s CivilSense™ platform and unlocking access to 3,800+ utility sites. Not to mention, this builds on their exclusive U.S. distribution with Ferguson Ventures, who came on board in 2023. Translation? VODA.ai isn’t chasing the market, it’s engineering it.
$2.5 million in 2023 revenue, a 200% YoY growth rate post-COVID, and a sales cycle shaved from 12 months to 3. That’s not traction, it’s torque. And in a world where water loss costs the U.S. over $6 billion annually, the ROI writes itself.
The future of infrastructure is intelligent, predictive, and, if VODA.ai has its way, dry where it counts.
Let it flow.
