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Venture Capital News: AiDash Lands $58.5M Oversubscribed Series C

2024-04-30
SAN JOSE, CA, AiDash today announced the official closing of its Series C funding round at $58.5 million.
AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, today 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.

The Series C round included a new utility investor, Duke Energy, plus previous strategic North American utility investors National Grid and Edison International; it also included new strategic investors Sabanci Ventures in EMEA, and Marubeni Corporation in the Asia-Pacific region. All other investors from prior rounds also participated, including SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures.

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. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and achieved sustainability goals.
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