AiDash Secures $58.5M Series C Funding for Climate-Resilient Infrastructure Monitoring

May 1, 2024, 9:32 pm
AiDash
AiDash
Artificial IntelligenceConstructionEnergyTechInfrastructureProductSaaSTransportationUtilitiesVerticalWaterTech
Location: United States, California, San Jose
Total raised: $151.5M
AiDash, a San Jose-based software developer, has successfully raised $58.5 million in Series C funding to revolutionize the monitoring of utility assets and mitigate risks like wildfires. The round, led by Lightrock, brought the total funding to $91.5 million, drawing support from a diverse group of investors including Lightsmith Group, Marubeni Corporation, Duke Energy, and more.

The significance of this substantial funding round lies in the company's mission to empower critical infrastructure industries to adapt to climate change and enhance sustainability through the use of satellites and AI technology. AiDash's innovative solutions enable utilities, transportation, and construction sectors to optimize asset inspection and maintenance processes, meet biodiversity net gain mandates, and achieve carbon capture goals.

CEO Abhishek Singh emphasized the importance of building resilient and sustainable infrastructure to withstand the impacts of climate-related events in the coming years. With a strong focus on leveraging technology to predict, prepare, and manage these challenges, AiDash is poised to lead the way in transforming the infrastructure monitoring landscape.

As the company continues to expand its operations and development efforts, the future looks promising for AiDash and its commitment to driving climate resilience and sustainability in critical infrastructure industries. With a clear vision and a dedicated team, AiDash is well-positioned to make a lasting impact on the way we monitor and protect our essential assets for generations to come.