AiDash, an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI, today announced that it received $50 million in funding, bringing the total raised to date to $83 million.
The Series C round was oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.
Global impact investment firm Lightrock led AiDash’s funding round, with Partner Ashish (Ash) Puri joining the company’s board of directors. SE Ventures, a global venture fund backed by Schneider Electric, also participated in the round, alongside all of AiDash’s previous investors, including G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and additional strategic investors.
“Our aging infrastructure is breaking under the strain of environmental change, putting lives at risk,” said Abhishek Singh, Co-founder and CEO of AiDash. “Better tools and technologies are required to manage this growing risk and its potential future impact. Our combination of satellite technology and AI is capable of managing this risk and safeguarding at-risk systems, like those managed by utility companies which often span huge geographical areas. With this funding, we look forward to expanding our reach and bringing the benefits of AiDash to more markets.”
The capital will be used to support expansion, as AiDash plans to almost double its 300-person staff in the next two years. To keep up with the increasing demand, the company will also have a headquarters in Europe and keep growing globally.
“AiDash’s full-stack software suite delivers significant ROI for customers and positive impact for companies, communities, people, and the climate,” added Ash Puri, Partner at Lightrock. “As the effects of the climate emergency grow more severe, so will the need for software solutions like AiDash that can safeguard the huge number of geographically distributed assets, enabling customers to provide reliable service to their clients, and meet their regulatory obligations while also reducing risk from extreme weather, wildfires, and habitat destruction.”
AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using our full-stack SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction are transforming asset inspection and maintenance – and complying with biodiversity net gain mandates and carbon capture goals.
Lightrock is a global impact investing platform that backs purpose-driven companies tackling the world’s biggest challenges. Lightrock invests in companies that pursue scalable and tech-driven business models around the key impact themes of people, planet, and productivity/tech for good.