HULU.ai Secures €800K to Revolutionize Water Leak Detection Globally
Netherlands-based startup HULU.ai has secured €800,000 in funding, led by LUMO Labs and the Netherlands Enabling Water Technology (NEW) Fund. The funds will be used to enhance the company's cloud-based solution for global scalability and adaptability.
HULO.ai, specializing in real-time detection and localization of water leakages using AI algorithms, aims to expand into new markets with critical water scarcity and leakage issues. The company's mission is to provide an affordable global solution to improve water supplies and reduce non-revenue water (NRW).
LUMO Labs, an impact-driven venture capital fund focused on AI, blockchain, IoT, and digital security, led the investment round held in November 2023. The Netherlands Enabling Water Technology (NEW) fund, which supports start-ups in the water technology sector, also participated in the funding.
HULO.ai, with its innovative water leakage detection solution, has received a significant boost with the €800,000 investment. The company is poised to expand globally, tackling critical water scarcity and leakage challenges, with the support of LUMO Labs and the NEW Fund.
