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AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, announced the official closing of its Series C funding round at $58.5 million.
The company’s Series C round, initially at $50 million, was oversubscribed and drew in additional investors, including leading private equity firm Lightsmith Group, and Japanese conglomerate, Marubeni Corporation. This brings the company’s total funding raised to date to $91.5 million.
“We are humbled by the incredible interest from global investors and partners in our company’s mission and our satellite-first products that will help critical infrastructure industries around the world become more sustainable and climate-resilient,” said Abhishek Singh, Co-founder and CEO of AiDash. “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.”
Impact investor Lightrock led the $58.5 million Series C, which puts the business in a strong position to successfully execute on its goals for global expansion with a diverse group of top-tier investors
Lightsmith's contribution adds more experience with sustainability and climate resilience.Along with former key North American utility investors National Grid and Edison International, as well as new strategic investors Sabanci Ventures in EMEA and Marubeni Corporation in the Asia-Pacific area, the Series C round includes new utility investor Duke Energy. Benhamou Global Ventures, Shell Ventures, G2 Venture Partners, and SE Ventures were among the other investors from previous rounds that took part.
About AiDash
AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI.
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