Fido Tech is a technology company.
Fido Tech has raised $7.0M across 1 funding round.
Fido Tech has raised $7.0M in total across 1 funding round.
FIDO Tech is a UK-based technology company specializing in AI-powered water leak detection and non-revenue water management. It develops FIDO AI, a deep-learning neural network platform that analyzes acoustic and kinetic data to detect leaks with over 92-93% accuracy, size them volumetrically, and prioritize repairs, serving water utilities, municipalities, and businesses globally across five continents.[1][2][4] Emerging from a UK water company innovation program, FIDO Tech's data-as-a-service model disrupts traditional methods by providing real-time insights via a secure cloud platform, smartphone app, and API, reducing water loss, improving efficiency, and supporting watershed replenishment goals like those in partnership with Microsoft.[1][2][4] With under 50 employees and investments below €10m (minority stake), the company drives environmental impact by saving megaliters of water while enabling multi-stakeholder collaboration for climate resilience.[1][3][4]
FIDO Tech originated from a UK water company innovation program around 2019, though the legal entity FIDO TECH LTD was incorporated on July 8, 2014, initially as Synaptix Consulting Limited (focused on IT consultancy) before rebranding through Carfiguano Ltd to its current name in November 2019.[1][5] The company evolved from general IT services (SIC code 62020) to pioneering water tech, leveraging deep-learning to address leakage—a critical industry challenge.[1][5] Key early traction includes global recognition as a tech innovator, deployment in stressed watersheds like the Colorado River Basin, and a 2023 Microsoft partnership for London water replenishment, which won a 2024 Lighthouse Award and spurred replications worldwide.[2][4] This pivot humanizes FIDO Tech as a team of "brave, curious" innovators experimenting with algorithms to empower resource-limited regions, training users from scratch to value water networks.[3]
FIDO Tech stands out in water management through these key strengths:
FIDO Tech rides the AI-for-sustainability wave, targeting non-revenue water losses (up to 30-50% globally) amid climate-driven scarcity and regulatory pressures for resilience.[1][2][4] Timing aligns with post-2020 tech adoption in utilities, accelerated by partnerships like Microsoft (since 2023), enabling rapid scaling in stressed basins like Colorado—critical as droughts intensify and net-zero mandates rise.[2][4] Market forces favor it: aging infrastructure, ESG investing, and data silos create demand for auditable AI over manual methods, positioning FIDO as a bridge for multi-stakeholder ecosystems (utilities, businesses, communities).[2][3] It influences the landscape by democratizing tech—teaching unskilled users worldwide—while curating global data to refine models, amplifying impact in water-scarce regions.[3]
FIDO Tech is poised for expansion with its validated AI, eyeing broader watershed models and deeper Microsoft collaborations to hit water-positive milestones in more basins.[2][4] Trends like AI democratization, corporate water stewardship, and real-time IoT will propel growth, potentially evolving it into a full-stack platform for predictive maintenance and global utility standards.[2][3] As scarcity worsens, FIDO's focus on verifiable, equitable impact could redefine leak detection, scaling from UK innovator to essential infrastructure player—saving the world's water, one prioritized leak at a time.[1][3]
Fido Tech has raised $7.0M in total across 1 funding round.
Fido Tech's investors include BDC Venture Capital, Emerald Technology Ventures.
Fido Tech has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Venture Round in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $7.0M Venture Round | BDC Venture Capital, Emerald Technology Ventures |