AiDash, a San Jose, CA-based enterprise SaaS company focusing on climate resilience and sustainability in critical infrastructure industries, has raised $50 million in Series C funding, bringing its total funding to $83 million.
The oversubscribed round was led by Lightrock, with participation from SE Ventures and all of AiDash’s previous investors, including G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and additional strategic investors.
Lightrock is a global impact investing platform that backs purpose-driven companies tackling the world’s biggest challenges. Lightrock invests in companies that pursue scalable and tech-driven business models around the key impact themes of people, planet, and productivity/tech for good. Lightrock’s portfolio includes more than 90 high-growth companies across Europe, the US, Latin America, India, and Africa, supported by more than 105 Lightrock professionals based in 6 global offices.
AiDash Use of Funds
The company will use the funds for growth, team expansion, and the establishment of a European headquarters. The company anticipates doubling its team of 300 over the next two years.
AiDash is a SaaS company on a mission to revolutionize operations, maintenance, and sustainability for core industries using satellites and AI. The company's platform offers utility vegetation management to remote monitoring and inspection of hazards along power lines, enabling clients to manage their work efficiently and make informed decisions. AiDash's suite of satellite-first products, including its Intelligent Vegetation Management System and Intelligent Sustainability Management System, addresses climate change risks in critical infrastructure. The company has more than 150 customers worldwide.
Company: AiDash, Inc.
Round: Series C
Funding Month: January 2024
Lead Investors: Lightrock
Additional Investors: SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures
Company Website: https://www.aidash.com/
Software Category: Climate Resilience and Sustainability