InfoTiles

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InfoTiles AS  ·  Confidential

InfoTiles varde, a cairn marking the way
Investor Deck · June 2026
Water Intelligence Platform

The source of truth for water.

InfoTiles is the source of truth for the world's most important resource, turning fragmented water infrastructure data into real-time decisions that protect communities and scale sustainably.

Water infrastructure runs the world. It should run on data.

Water infrastructure is the cornerstone of modern society. Yet the utilities responsible for it operate with fragmented data, ageing systems, and insufficient insight. Decisions that should take minutes take months. Investments that should be targeted are made on instinct.

InfoTiles was founded in Stavanger in 2016 with a single, clear ambition: to be the source of truth for water. We build AI-powered analytics that turn raw operational data into trusted decisions, for every utility, at every scale, across every geography.

"InfoTiles has given us a completely new picture of our network. We now make decisions in hours that used to take weeks."

Erlend Berg, Enterprise Architect, Lillestrøm Municipality

The global water sector is under-digitised, under-resourced, and under pressure.

Water systems remain fragmented and reactive because the foundational asset data underpinning every decision, the network GIS, is incorrect. Every AI initiative, digital twin, and analytics deployment inherits this broken foundation. InfoTiles solves the root cause rather than layering more tools on top of it.

Fragmented data systems

Utilities operate across dozens of disconnected data sources: SCADA, GIS, billing, maintenance logs, meter reads. No single system provides a coherent operational picture.

Slow decision cycles

Without a unified data layer, engineers spend weeks compiling reports that should take hours. Investment decisions are delayed. Risk goes unquantified.

Reactive maintenance

Without predictive insight, utilities respond to failures rather than preventing them, at enormous cost to infrastructure, environment and communities.

Regulatory enforcement

Stricter EU and UK regulation on water quality, leakage and carbon is accelerating the need for digital operational intelligence across all utility sizes.

A unified intelligence layer across water and wastewater networks.

InfoTiles has built its competitive moat in two deliberate stages. The first was graph neural networks: PipeFusion, a proprietary Graph Neural Network (GNN) engine that models the complete physical and hydraulic behaviour of a water network without requiring a pre-built hydraulic model. It ingests Supervisory Control and Data Acquisition (SCADA) telemetry, Geographic Information System (GIS) data, meter reads, rainfall and river gauge data, and produces a live, machine-readable model of every pipe, pump and zone in the network.

The second stage is large language models. Above PipeFusion sits the Delta AI assistant, a Retrieval-Augmented Generation (RAG) decision support layer that lets engineers query their network in natural language and receive responses grounded in live operational data. Each stage compounds the moat: the GNN generates proprietary network intelligence no competitor can replicate from outside, and the language model layer makes that intelligence accessible to every operator, not just data scientists.

Delta AI Decision Support
AI Layer · Sits across the full stack · Live

Retrieval-Augmented Generation (RAG) architecture over PipeFusion and live Supervisory Control and Data Acquisition (SCADA) telemetry. Engineers query their network in natural language and receive responses grounded in live operational data. Live in Lillestrøm (launched June 2026); Ålesund and Drammen onboarding. Azure AI Foundry Large Language Model (LLM) backend with ~98.5% token cache hit rate.

PipeFusion
Entry Point · Graph Neural Network

GNN-based network modelling. Deployable from emailed GIS files, no hydraulic model required. Cleans asset data, identifies topology errors, and produces a live graph of the network with flow estimates and risk scores. Fixes more than 100,000 errors across deployments and feeds corrections back to the master GIS rather than creating a parallel copy. Reduces sales-to-deployment lead time by 70%.

WaterIntelligence
Operational Intelligence

Real-time operational dashboards integrating SCADA, sensor and telemetry data. Pressure management, burst detection, zone monitoring and performance benchmarking in a single operator interface.

SewerIntelligence
Wastewater & Inflow and Infiltration (I&I) Analytics

Quantifies Inflow and Infiltration by volume, operational cost and CO₂ footprint. Prioritises rehabilitation investment using AI-derived risk scoring. Deployed with Arup at Severn Trent Water across the Gloucester catchment.

MeterOps
Smart Metering Analytics

End-to-end analytics for Automatic Meter Reading (AMR) meter devices across venders and network technology such as LoRaWAN and NB-IoT. Leakage detection, consumption anomaly alerts, district meter area management and billing integration. Deployed across 60,000 meters in Trondheim.

The compounding data advantage

The moat has been built in two layers. First, every new deployment adds Graph Neural Network (GNN) training data that improves network model accuracy across the entire graph, data that competitors cannot access. Second, the Delta Large Language Model (LLM) layer learns from operational queries and outcomes across the full customer base. Both layers compound with scale, making the platform structurally more defensible with every utility added.

We are building the most trusted decision tool for water and wastewater. We have already started.

The proof is already in production. A single Lillestrøm deployment identified EUR 2 million in annual savings. A major UK catchment was modelled in 16 weeks, eliminating the need for costly storage infrastructure. Sales-to-deployment lead times have been cut by 70%. These are not pilot results. They are live operational outcomes from utilities that depend on the platform every day.

The water sector is full of vendors who promise transformation and deliver dashboards. InfoTiles is different because the platform is grounded in the actual physics of the network. PipeFusion deploys from emailed GIS files, requires no pre-built hydraulic model, and embeds directly into daily operations from week one. The Delta AI assistant allows engineers to query their entire network in natural language against live operational data. The manual equivalent takes days across disconnected systems. This is a different category of capability.

The structural advantage compounds with every deployment. Each new utility adds operational data that improves model accuracy across the entire platform. No competitor can access this data from the outside, and no new entrant can replicate years of network intelligence from a standing start. The platform becomes harder to displace the longer it runs.

Traditional vendors lack modern AI capabilities. Generic AI players lack domain understanding. InfoTiles sits at the intersection of both, with a decade of water network data, a team that understands the physics, and a platform already running in production across seven countries on networks from 20 km to 6,000 km.

Founded and led by domain specialists.

InfoTiles is led by a founding team with complementary backgrounds across water engineering, enterprise software, management consulting, and digital product development. The five co-founders have worked together since founding, creating a stable leadership core with direct operator relationships across the Nordic and UK markets.

Johnny Alexander Gunneng
Johnny Gunneng
CEO & Co-founder

Co-founded InfoTiles in 2016 and has led its growth into a digital water platform that helps utilities optimize operations, predict failures, and improve sustainability. Background in consulting and technology.

EY · EVRY · Greenbird Technologies · CBS
Pedja Bihor
Pedja Bihor
CTO & Co-founder

Leads platform architecture and engineering. Background in distributed systems and geospatial data infrastructure.

Greenbird Integration · Powel · EVRY · Inmeta
Magne Eide
Magne Eide
COO & Co-founder

Operational leadership and customer delivery. Manages the end-to-end deployment and customer success function across all markets. Former background in operational management and infrastructure projects.

Accenture · EY · NTNU
Marco Westergren
Marco Westergren
Chief Analytics Officer & Co-founder

Leads the analytics and data science function. Responsible for model development, ML pipeline, and the analytical foundations of WaterIntelligence and SewerIntelligence.

Statkraft · Skedsmo Municipality · UiO
Adam Wood
Adam Wood
CPO & Co-founder

Product leadership and go-to-market. 15 years bridging operations and technology. Led Sustainability & Technology for FIFA World Cup stadium projects in Qatar. BSc Biochemistry (University of Melbourne); MBA (HEC Paris).

FIFA World Cup · Qatar · HEC Paris · Melbourne
Matthias Schirle
Matthias Schirle
Customer Success

Drives commercial expansion across European utility markets. Focused on scaling InfoTiles' footprint and enabling our customers to get the most value out of our platform.

InfoTiles
Ask Elvevold
Ask Elvevold
Data Scientist

Data scientist and one of the engineering minds behind PipeFusion. Specialises in graph neural networks, data pipelines, and the analytical infrastructure that powers InfoTiles' network intelligence.

InfoTiles
Ioannis Pavlou
Ioannis Pavlou
Data & Analytics Engineer

Specialist in water network analytics and SewerIntelligence deployments. Leads technical delivery on hydraulic modelling, data pipelines, and customer onboarding for Nordic and UK utilities.

InfoTiles

Experienced governance with strategic and capital markets depth.

The InfoTiles board combines operator-level industry expertise, capital markets experience, and active Venture Capital (VC) involvement, providing both strategic oversight and direct access to the networks required to scale internationally.

John Avaldsnes
John Avaldsnes
Board Member

EY leadership in Oil & Gas across EMEIA and the Nordics. Extensive experience advising asset-heavy industries on technology transformation, operational efficiency and organisational strategy at executive and board level.

EY · O&G · Energy · EMEIA
Odd Nymark
Odd Nymark
Board Member

Experienced CEO and board member across finance, IT and real estate sectors. BBA in Finance from BI Norwegian Business School. Brings disciplined financial governance and broad network across the Norwegian business community.

Finance · IT · Real Estate · BI
Ali Najafbagy
Ali Najafbagy
Board Observer, 4impact

Co-founder and General Partner of 4impact, a €68M Sustainable Finance Disclosure Regulation (SFDR) Article 9 VC fund. Former Goldman Sachs and Mubadala/Masdar. Harvard Business School. Backed InfoTiles through a Nordic sustainability and climate infrastructure thesis.

4impact · Goldman Sachs · Mubadala · HBS
Borgar Ljosland
Borgar Ljosland
Board Member, ProVenture

Senior Partner at ProVenture Management, a Trondheim-based seed and early-stage VC with 15+ years backing digital technology companies. Serial entrepreneur with 22 years as founder and startup CEO across semiconductors, media, and software. MSc Computer Science, NTNU. Board member of InfoTiles since February 2021.

ProVenture · NTNU · Serial Entrepreneur

Land with PipeFusion. Expand with the platform.

InfoTiles operates a land-and-expand model anchored by PipeFusion, the lowest-friction entry point in the market, deployable from emailed files and billable from week one. As trust builds and operational dependence deepens, customers expand into WaterIntelligence, MeterOps, SewerIntelligence and the Δ Delta AI assistant. Switching costs compound with every module added.

Software as a Service (SaaS) Licences

Annual subscription per module, per utility. Structured around network size, sensor count and data volume. Minimal churn to date. The platform embeds into critical operational workflows.

Implementation Services

Data onboarding, GIS cleaning, integration and configuration. Short time-to-value by design. PipeFusion has reduced overall sales-to-deployment lead times by approximately 70%.

Managed Services

Ongoing technical support, model maintenance and performance monitoring. Recurring revenue with low marginal cost per additional customer.

Proven at scale across Nordic and UK markets.

InfoTiles has built its customer base through sustained operational delivery rather than pilot projects. Each reference customer represents a long-term SaaS relationship where the platform has become embedded in daily operations. Live production environments where utilities depend on InfoTiles every day.

Lillestrøm Municipality (Norway)

Full platform deployment across water and wastewater since 2018. Identified EUR 2 million in annual savings and over 1 million m³ in ingress mitigation. Reference customer for Delta AI assistant deployment (live June 2026).

Anglian Water (UK)

AI deployed to manage approximately 317 biofilters at 100 water recycling sites, monitoring biofilter rotation and sludge levels to ensure optimal operation.

DRAMMEN (NORWAY)

Full platform deployment across water and wastewater, contract signed December 2024. PipeFusion, WaterIntelligence, and the AI assistant are live or entering deployment in H2 2026. FHI-funded acoustic leak detection programme with Gutermann underway, combining network modelling with hardware-grounded loss localisation across a network serving 100,000+ people.

ÅLESUND (NORWAY)

Full platform deployment across water and wastewater, a long-standing customer running PipeFusion, WaterIntelligence, and SewerIntelligence. FHI-funded acoustic leak detection programme with Gutermann now extending the platform with precision loss localisation. AI assistant entering deployment in H2 2026. On-site workshops have embedded operational capability directly within the Ålesund team.

Severn Trent Water (UK)

Deployed with Arup across the Gloucester catchment. PipeFusion and SewerIntelligence used to quantify I&I: modelled in 16 weeks, addressing an 80,000 m³ storage challenge. Groundwork laid for national rollout.

TRONDHEIM MUNICIPALITY (NORWAY)

60,000 smart water meters deployed, the largest smart meter rollout in Norway. Full MeterOps deployment integrating smart water meters with billing. Benchmark reference for large-scale municipal MeterOps.

Håbo Municipality (Sweden)

SewerIntelligence deployed to quantify and locate Inflow and Infiltration across Håbo's wastewater network. Analysis identified that 18% of all wastewater treated is attributable to I&I, equivalent to SEK 13 million (approx. EUR 1.3 million) in excess operating costs annually, or roughly EUR 61 per inhabitant. The platform pinpointed the specific pumping zones receiving the largest net volumes, directing the maintenance team to excavate in exactly those locations. Physical inspection confirmed significant pipe breaches, including drained surface water from nearby farmland penetrating the wastewater system at high pressure. Håbo acted on the analysis, dug, found the damage, and made the repairs.

From pilot to platform, commercial momentum is building.

The platform has moved from technical validation to commercial scale. Pilots have converted to long-term Software as a Service (SaaS) contracts. The sales cycle has been restructured by PipeFusion: overall lead time from prospect to offer has been reduced by approximately 70%, and the proportion of qualified prospects converting to ARR has increased materially.

NOK 3.2M
2022
NOK 3.7M
2023
NOK 4.6M
2024
NOK 6.5M
2025
NOK 11.8M
2026F
9
Countries with validated customers
Little
Licence churn
Growing
Actual ARR
2016
Founded in Stavanger

Water utility analytics platform founded. Initial focus on data integration for Norwegian municipalities.

2020
International Expansion

First UK deployment. Netherlands and Switzerland markets activated. Arup partnership activates. Microsoft Norway Sustainability Partner of the Year.

2024
Refocused as Water Intelligence Platform

PipeFusion released. ARR NOK 4.6M. Severn Trent / Arup deployment completes in 16 weeks. International footprint: Netherlands, Switzerland, UK active.

2026
AI Launch & Scale

Delta AI assistant live in Lillestrøm (June 2026). ARR scaling toward NOK 11.8M. Buy-and-build strategy board-approved. NIPH grants won for AI-based acoustic leak detection in Drammen and Ålesund.

Validated by the institutions that set the standards for the sector.

Independent recognition matters in a sector where trust is earned slowly and procurement risk is real. Each award below represents a credible third-party validation that InfoTiles' technology, approach, and impact meet the standards expected by institutions shaping the water sector's digital future.

Microsoft Norway Sustainability Partner of the Year

Awarded by Microsoft Norway for outstanding contribution to sustainability outcomes through Azure-based technology. Recognises InfoTiles as the leading water sector AI platform on the Azure ecosystem in Norway, and underpins the co-sell relationship on Azure Marketplace.

Norwegian Institute of Public Health (NIPH) Research Grants

Competitive grants awarded under the national scheme supporting waterworks owners adopting new or further-developed technology to deliver safe drinking water. InfoTiles was selected for AI-based acoustic leak detection deployments in Drammen and Ålesund municipalities. Results are published to the broader water sector, establishing InfoTiles as a national reference for AI-driven leak detection methodology.

SkatteFUNN R&D Funding

Research Council of Norway funding awarded for PipeFusion Graph Neural Network development and the Delta AI assistant. Provides independent validation of the technical novelty and research quality of InfoTiles' core IP.

Nordic Edge Cluster Membership · Stavanger

Nordic Edge, the Stavanger-based innovation cluster connecting technology companies with the Norwegian and international city sector. Provides structured access to networks, proof of value opportunities, and European innovation programmes.

Three reinforcing growth mechanisms.

InfoTiles grows through three reinforcing mechanisms. First, organic SaaS growth, 40 to 50% per year, driven by a partner-led go-to-market with Microsoft (Azure Marketplace), Arup (joint bids in UK and Middle East), Axflow (MeterOps co-sell in Norway) and Aveco de Bondt (Benelux). Second, a buy-and-build strategy targeting 3 to 6 acquisitions over 24 to 48 months. Third, cross-sell uplift of 15 to 25% on acquired revenue bases within 12 to 18 months of integration.

The go-to-market model begins with PipeFusion as the lowest-friction entry point, deployable on emailed files without live IT connections, enabling trust to be established before full integration. Upsell into WaterIntelligence, MeterOps, SewerIntelligence and Δ Delta follows as relationships deepen.

Sales cycle length

Public-sector procurement moves slowly. Mitigated by PipeFusion's fast-start model and growing framework contract alignment.

Integration complexity

Buy-and-build execution requires disciplined 100-day transitions per acquisition. Mitigated by a defined integration playbook developed prior to each close.

Market consolidation timing

Established vendors (Bentley, DHI, Xylem) hold market share. Mitigated by speed of deployment, AI-native architecture and domain specificity.

Data privacy

Utility data is sensitive. Mitigated by on-premise and private cloud deployment options, and compliance with General Data Protection Regulation (GDPR) and sector-specific regulation.

Measurable outcomes for utilities and communities.

InfoTiles is not a reporting tool. It is an operational decision layer that utilities rely on every day. Customer outcomes are quantified and contractible: Lillestrøm identified EUR 2 million in annual savings and over 1 million m³ in ingress mitigation. Sales lead times have been reduced by 70%. At Severn Trent Water, Arup and InfoTiles modelled I&I across a major catchment in just 16 weeks, eliminating the need for costly storage infrastructure. Deployment requires no new hardware and no rip-and-replace of existing SCADA or GIS systems, and the platform architecture supports expansion into adjacent verticals using the same data backbone.

EUR 2M
Annual savings, single customer
1M m³
Ingress mitigated, single deployment
70%
Reduction in sales-to-deployment lead time
16 weeks
I&I modelled, major UK catchment

Strategic partners accelerate reach and credibility.

InfoTiles scales through trusted partnerships that extend market access, strengthen delivery capability, and validate our technology with some of the most respected organisations in the industry. Together, these partners accelerate customer acquisition, unlock new geographies, and help bring AI-powered water intelligence to utilities at scale.

Microsoft
Microsoft

Azure Marketplace listing and co-sell agreement. InfoTiles named Microsoft Norway Sustainability Partner of the Year. Joint go-to-market across Azure AI and IoT customers in the water sector.

Arup
Arup

Global engineering and advisory firm. Joint delivery at Severn Trent Water: I&I modelled across Gloucester catchment in 16 weeks. Active partnership programme targeting expanded co-delivery on UK Asset Management Period 8 (AMP8) and Middle East utility contracts.

AxFlow
AxFlow

Co-selling MeterOps and IoT-based analytics in Norway. Specialises in flow measurement for water, gas and industrial applications. Extends InfoTiles' reach into the Norwegian mid-market. MeterOps contract signed for Evje og Hornnes kommune.

Aveco de Bondt
Aveco de Bondt

Dutch infrastructure engineering and consultancy. Joint bids and active partnership development for the Netherlands and Benelux markets, a significant near-term ARR opportunity across Dutch water boards.

A EUR 54 billion market digitising under regulatory pressure, climate stress, and a decade of deferred investment.

Water and wastewater utilities globally manage infrastructure valued in the trillions. They are under simultaneous pressure from three directions: regulatory enforcement of water quality and leakage targets, infrastructure backlogs from decades of underinvestment, and the physical consequences of climate variability on ageing pipe networks. Digital intelligence is no longer optional. It is the mechanism through which utilities comply, report, and plan at the speed regulators now demand.

TAM · Total Addressable Market: EUR 54B

The global digital water market by 2033, growing from EUR 27 billion in 2023 at approximately 9% CAGR. Includes operational analytics, network modelling, smart metering, AI decision support, and infrastructure planning tools for water and wastewater utilities worldwide. Driven by regulatory enforcement (EU Water Framework Directive, Ofwat AMP8, USEPA lead pipe rules) and public infrastructure investment programmes. Source: BlueField Research / Global Water Intelligence.

SAM · Serviceable Addressable Market: EUR 620M

Utilities in InfoTiles' current and near-term geographies: Norway, Sweden, Denmark, Finland, Netherlands, Belgium, Switzerland and UK. Estimated 4,200 medium-to-large utilities with network lengths above 200 km, the minimum viable scale for PipeFusion deployment, at an average contract value of EUR 75,000 to EUR 150,000 per utility per year across the full product suite.

SOM · Serviceable Obtainable Market: EUR 104M

InfoTiles' realistically capturable share within current active geographies over a five-year horizon, assuming 10 to 15% penetration among addressable utilities. Derived from identified utility counts, average deal sizes across existing contracts, and the acceleration effect of buy-and-build acquisitions that add existing customer bases directly to the platform.

Source: BlueField Research / Global Water Intelligence.

Raising EUR 1 to 3M to accelerate the AI-native water platform and execute the first acquisition.

InfoTiles is raising EUR 1 to 3 million in a growth round structured as equity. The capital funds the 18-month sprint from proven platform to scaled international presence and first buy-and-build acquisition close.

The raise follows a founder-led buyback of the Lyse Vekst AS stake, which has simplified the cap table and aligned all shareholders behind a single growth strategy.

The primary use of capital is international commercial expansion. The majority of the round goes directly toward activating the UK and Benelux markets, where the Arup co-sell agreement and the Aveco de Bondt partnership give InfoTiles a structurally lower-cost entry than building from scratch. The balance funds acquisition readiness and the operational infrastructure required to execute the buy-and-build strategy at pace.

By end of 2027, this capital takes InfoTiles from NOK 6M ARR to a NOK 20M ARR run rate, with active utility contracts in Norway, the UK and the Netherlands, the Delta AI assistant deployed across multiple customers generating documented outcomes, and the first acquisition either closed or in final execution.

That is the threshold from which the buy-and-build phase becomes self-reinforcing: recurring revenue supports deal execution, acquired customer bases accelerate platform adoption, and the world graph compounds with every deployment added.

International Market Activation

The UK and Benelux markets are open and partner-ready. This round puts dedicated commercial capability in market, converts the Arup and Aveco de Bondt partnerships into active pipeline, and targets three new utility contracts outside Norway by Q2 2027.

First Acquisition Execution

The buy-and-build strategy is board-approved and the target pipeline is identified. This round funds the legal, financial and integration capability required to close the first acquisition and begin compounding the platform across an expanded customer base.

Platform Scaling

Delta AI assistant rollout across Norway, UK and Netherlands. PipeFusion and MeterOps scaled to new utility deployments. Each new deployment adds to the world graph and strengthens the structural moat for every customer already on the platform.

"The speed at which InfoTiles modelled our catchment was genuinely impressive. What would have taken months was done in weeks, and the outputs were immediately usable."

Rebecca Sweeney, Waste Infrastructure Design Team Leader, Severn Trent Water

If you believe, as we do, that the world's most important resource deserves the world's most trusted decision tool, we would like you to be part of building it.