AiDash, a San Jose, CA-based enterprise SaaS company that enables critical infrastructure industries to become climate resilient and sustainable via satellites and AI, raised $58.5M in Serious C funding.
The round, which brought the total amount to $91.5M, was led by Lightrock with participation from Lightsmith Group, Marubeni Corporation, Duke Energy, National Grid, Edison International, Sabanci Ventures, Marubeni Corporation, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Abhishek Singh, AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using its SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction, can enhance their asset inspection and maintenance processes – and comply with biodiversity net gain mandates and carbon capture goals.
Commenting on the news, Abhishek Singh said: “As we prepare for the next 100 years, it is more important than ever to ensure that we have reliable and sustainable infrastructure, and the ability to better predict, prepare, and manage the impact of climate-related events.”
FinSMEs
30/04/2024