KO Client H2Ok Innovations Raises $12.42M Series A

KO client H2Ok Innovations, a provider of patented inline sensors powered by science and AI to run faster factories, recently announced a $12.42M Series A round of funding.

The round was led by Greycroft with participation from 2048 Ventures and Construct Capital. H2Ok’s customers include Unilever, AB InBev, The Coca-Cola Company, and Danone.

According to the announcement, this capital will support efforts to rapidly scale AI in manufacturing by productizing disruptive technology into an instantly deployable solution, enabling faster Clean-in-Place (CIP) and product changeovers.

“Post-COVID food and beverage manufacturers are besieged by supply chain constraints, rising costs, evolving safety standards, and shifting consumer demands,” said Annie Lu, CEO of H2Ok Innovations, in the announcement. “Our turnkey solution gives manufacturers production time back to address these macro challenges and still drive innovation. We’re excited to bring science-backed sensors and industry-focused AI that delivers both the sustainability and speed that manufacturers need to thrive in today’s environment.”

KO partner Charles Ciaccio and attorneys Ryan Sykora and Brooke Eckert represented H2Ok in the financing. Read more in the announcement and in Fortune.