According to an official release, AiDash, an enterprise SaaS company, announced that it received $50 million in funding, bringing the total raised to date to $83 million. The Series C round is expected to be oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.
Lightrock, a global impact investment firm, is believed to lead 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 and Shell Ventures, among others.
“The combination of satellite technology and AI can manage risk and safeguard at-risk systems, like those managed by utility companies which often span geographical areas. With this funding, we plan to expand our reach and benefit AiDash,” Rahul Saxena, co-founder and chief product and technology Officer, AiDash, explained.
It is belived that the funds will be used to fuel the growth of AiDash. The company will also establish a European headquarters and continue to expand internationally.
Furthermore, “AiDash’s full-stack software suite can deliver ROI for customers and positive impact for companies, communities, people, and the climate,” Ash Puri, Partner, Lightrock, concluded.
