Dutch startup HULO.ai raises €800K to deploy AI in tackling large-scale drinking water losses
Published on by Water Network Research, Official research team of The Water Network in Business
Netherlands-based HULO.ai, a startup that develops advanced AI algorithms to tackle water loss, has secured €800K in a fresh round of funding from LUMO Labs and the Netherlands Enabling Water Technology (NEW) Fund.
Wetsus Research Institute spin-off HULO.ai will use the funds to enhance its cloud-based solution, making it highly scalable and adaptable to different market needs around the world.
With this investment, the company aims to expand into new markets, targeting regions where water scarcity and leakage are most critical.
Real-time leak localisation in water distribution networks
The urgency of addressing water scarcity is highlighted by UNICEF’s projection that half of the world’s population could face water scarcity by 2025. In response to this pressing issue, HULO.ai claims to be playing a vital role with its advanced AI solution.
Specialising in real-time detection and localisation of water leakages within distribution networks, the technology enables effective interventions. HULO.ai’s solution has been rigorously tested and validated through research conducted in Dutch water utilities.
The Netherlands, known for its sophisticated water management systems, serves as an ideal testing ground for HULO.ai’s innovative approach. By harnessing the power of AI, the company not only enhances efficiency but also promotes sustainability.
The solution minimises the necessity for extensive physical checks on infrastructure, leading to reduced water loss and contributing significantly to the conservation of this natural resource.
Robbert Lodewijks, co-founder and CEO of HULO.ai says, “We are excited to accelerate our journey towards creating more sustainable water management solutions. It has been a crazy journey till now and we are very happy with the investors we have on board.”
“It’s not only about the investment, but the knowledge these investors have on board is invaluable for the global impact we want to make with this company.”
Taxonomy
- AI