HULO
HULO's mission is to save 1,000,000,000,000,000 liters of clean drinking water by detection of leakages in distribution network. By it's disruptive algorithms it offers a plug-and-play solution for drinking water companies, world-wide.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | €800k | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 33 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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HULO, a Dutch company founded in 2021 by Robbert Lodewijks, Frank Van Der Hulst, and Rudy, is tackling the pressing global issue of water loss. The company originated from an academic collaboration that began in 2017, with the founders leveraging their expertise to create a solution for a more sustainable water future.
Lodewijks, the CEO, was driven by the mission to address the significant challenge of water scarcity by reducing the amount of clean drinking water lost to leakages. HULO operates on a B2B model, providing its advanced AI-powered platform to water utility companies and their service providers. The platform analyzes existing data from water distribution networks to detect and pinpoint the location of leaks in real-time, enabling swift and efficient repairs.
This approach not only conserves water but also transitions utility companies from a reactive to a preventative maintenance strategy. In 2023, HULO secured €800,000 in a funding round led by LUMO Labs and the NEW (Netherlands Enabling Water technology), a testament to the confidence in their technology and business model. This investment is aimed at accelerating the development and deployment of their AI solutions to combat water loss on a larger scale.
Keywords: water loss, leakage detection, AI platform, water technology, infrastructure, sustainability, resource management, data analysis, predictive maintenance, cleantech