Ondo's focus is on the global scale-up of LeakBot - claims prevention technology
that prevents water damage claims in houses. Water damage is the single biggest cause of
home insurance claims, accounting for $17bn of claims every year in the USA and UK
combined. LeakBot is a patented self-install solution that connects to the home wireless
network and, if it detects a leak, notifies the customer via the LeakBot mobile app and
provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Recent
independent research by Consumer Intelligence found LeakBot can reduce the cost of water
damage claims by 70%.
LeakBot partners with 14 insurance carriers across 5 different countries, in Europe and the USA.