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Infrastructure sustainability-focused enterprise software startup AiDash announced that it has raised $58.5 million in a […]]
Infrastructure Sustainability-focused Satellite and AI Startup AiDash Raises $58.5 Million – ESG Today
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Infrastructure Sustainability-focused Satellite and AI Startup AiDash Raises $58.5 Million
Susan Lahey
May 2, 2024
Infrastructure sustainability-focused enterprise software startup AiDash announced that it has raised $58.5 million in a Series C funding round, with proceeds from the financing to be used to help infrastructure industries become more climate resilient and sustainable.
Founded in 2019, AI Dash provides solutions using satellite analytics and AI, enabling customers in electric, gas, water utilities, transportation, and construction industries to improve climate resilience and sustainability, in addition to reducing costs and increasing reliability of geographically distributed assets. The company’s solutions allow user to detect maintenance and climate resilience issues, and enable companies to comply with biodiversity net gain mandates and carbon capture goals.
The financing round was led by impact investor Lightrock and included participation from private equity firm Lightsmith Group, Japanese conglomerate, Marubeni Corporation, utility investors Duke Energy, National Grid and Edison International, as well as Sabanci Ventures, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures.
Abhishek Singh, Co-founder and CEO of AiDash said:
“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.”
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
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