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 funding round (initially at $50 million) was oversubscribed and drew in additional investors, including private equity firm Lightsmith Group and Japan-based Marubeni Corporation. This brings the company’s total funding to $91.5 million.
This $58.5 million Series C funding round was led by impact investor Lightrock and positions the company to successfully execute its global growth ambitions with a world-class mix of investors. And Lightsmith’s investment brings additional expertise in climate resilience and sustainability.
The Series C round also included a new utility investor, Duke Energy, along with previous strategic North American utility investors, National Grid and Edison International. The round 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 makes critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using a full-stack SaaS solution, 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.
KEY QUOTE:
“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. 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.”
- Abhishek Singh, Co-founder and CEO of AiDash
