H2Ok Innovations, a leader in AI-powered sensors for the Consumer Packaged Goods (CPG) industry, has secured $12.42 million in Series A funding. Led by Greycroft, with participation from 2048 Ventures and Construct Capital, this investment will allow the company to scale its technology and drive faster, more sustainable factory operations in the CPG sector.
Founded in 2021 by siblings Annie and David Lu, H2Ok’s technology is already in use by industry giants like Unilever, AB InBev, Coca-Cola, and Danone. Its AI-driven sensors, integrated into existing factory systems, monitor up to one million data points per second to improve production efficiency, reduce downtime, and minimise waste. These sensors support faster Clean-in-Place (CIP) processes and product changeovers, delivering immediate returns in time, energy, and resource savings.
H2Ok’s technology is particularly relevant as manufacturers face rising operational costs, supply chain disruptions, and growing demand for sustainability. The company’s solution helps manufacturers cut production changeover times by 15% and reduce water, energy, and chemical usage by 10-20%, making it a key player in the next generation of sustainable manufacturing.
The funding will accelerate the company’s global expansion, with AB InBev already planning to scale the technology across all its breweries. As demand for efficiency and sustainability increases in the manufacturing sector, H2Ok Innovations is positioning itself as a critical partner for companies looking to stay competitive in a rapidly evolving market.