Investment Announcement
Accelerating Water Infrastructure Innovation through Investment in VODA.ai
CRH Ventures has announced a Series A investment in VODA.ai, a Boston-based technology company pioneering AI-driven predictive analytics for water utilities. The round was led by CRH Ventures with participation from L-Stone Capital.
Founded in 2017, VODA.ai’s platform empowers utilities to assess pipe condition and risk across transmission, distribution, and collection systems. Its proprietary AI has already analyzed over one million miles of pipe across 26 U.S. states and six countries, helping utilities prioritize critical infrastructure and optimize capital investment.
“This investment represents a significant step forward in our mission to support technologies that make infrastructure smarter, more resilient, and more sustainable,” said Eduardo Gomez Mendoza, Head of CRH Ventures. “VODA.ai is a standout innovator in AI-driven asset management that can play a critical role in helping utilities around the world deliver safe, reliable, and clean water.”
The investment will fuel VODA.ai’s growth, expand its R&D capabilities, and accelerate innovation to better serve both municipal utilities and private water operators globally.
A key component of this partnership is the collaboration between VODA.ai and Oldcastle Infrastructure, CRH’s leading infrastructure business in North America. This collaboration enhances market access and supports the development of CivilSense™, Oldcastle Infrastructure’s trademarked platform that integrates actionable AI insights with expert field professionals to address water loss and infrastructure challenges.
“CRH brings more than capital—it brings global reach, deep infrastructure expertise, and a shared vision for innovation,” said George Demosthenous, CEO of VODA.ai. “We’re excited to work together to scale our impact and help utilities make smarter, data-driven decisions.”
Jason Jackson, President of Oldcastle Infrastructure, added: “This investment in VODA.ai reflects CRH’s commitment to supporting transformative solutions that address the world’s most pressing infrastructure challenges. We’re excited to support its next phase of growth.”
This investment strengthens CRH’s portfolio of smart water management solutions.