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AiDash, a San Jose, CA-based enterprise SaaS company focused on climate resilience and sustainability in critical infrastructure industries, has closed its Series C funding round at $58.5 million.
Investors
The round was led by Lightrock, which was oversubscribed, with contributions from Lightsmith Group and Marubeni Corporation. Duke Energy, National Grid, Edison International, Sabanci Ventures, and Marubeni Corporation joined as new investors, alongside previous backers SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures. This brings AiDash's total funding raised to date to $91.5 million.
AiDash Use of Funds
With the funding, the company is accelerating its mission to make infrastructure industries around the world more climate-resilient and sustainable using AI and satellite technology.
About AiDash
Founded in 2019, AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using its 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. AiDash's platform uses satellite analytics and AI to monitor assets at scale and empower its full-stack, vertical SaaS solution.
Funding Details
Company: AiDash, Inc.
Raised: $58.5M
Round: Series C
Funding Month: April 2024
Lead Investors: Lightrock
Additional Investors: Lightsmith Group, Marubeni Corporation, Duke Energy, National Grid, Edison International, Sabanci Ventures, Marubeni Corporation, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, Shell Ventures
Company Website: https://www.aidash.com/
Software Category: Climate Resilience and Sustainability
Source: https://www.businesswire.com/news/home/20240430874835/en