Funding

CA-based AiDash Secures $58.5Million in Series C Round Funding- FUNIDNG NEWS

May 1, 2024 | By Startuprise io

AiDash, an enterprise software as a service provider, has raised $58.5 million in a series C round of investment. The firm uses satellites and artificial intelligence to build robust and sustainable vital infrastructure sectors.

Lightrock led the $91.5 million round, in which Lightsmith Group, Marubeni Corporation, Duke Energy, National Grid, Edison International, Sabanci Ventures, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures also participated.

The money will be used by the business to grow both its operations and growth initiatives. Utilising satellites and artificial intelligence, AiDash, led by CEO Abhishek Singh, is transforming vital infrastructure sectors into ones that are sustainable and immune to climate change.

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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.”

About AiDash

Using AI and satellites, AiDash is transforming the essential infrastructure sectors into ones that are sustainable and robust to climate change. Customers in the transportation, construction, and electric, gas, and water utilities sectors are revolutionising asset inspection and maintenance with their full-stack SaaS solutions, while also adhering to carbon capture targets and biodiversity net gain objectives.

AiDash California Funding Alert Series C Funding Startup Funding