Dutch startup HULO.ai raises €800K to deploy AI in tackling large-scale drinking water losses
Summary
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. 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. This multi-stage capital fund, covering pre-seed to series A, incorporates a two-year venture builder programme to help portfolio companies achieve financial success and social impact. LUMO Labs targets startups aligned with United Nations Sustainable Development Goals, focusing on areas such as AI/data, blockchain, Internet of Things, robotics and drones, and VR/AR. This dual-pillar approach aims to foster innovation and advancement in water-related technologies with a focus on practical applications and entrepreneurial ventures.