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Venture Capital News: AiDash Raises $50M Series C Funding

2024-01-23
SAN JOSE, CA, AiDash today announced that it received $50 million in funding.
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. Funds will be used to fuel growth as AiDash anticipates nearly doubling its team of 300 over the next two years. The company will also establish a European headquarters and continue to expand internationally to meet growing demand.

AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using their 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.
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