AiDash has raised $50 million in Series C funding. The funding round was led by impact investment firm Lightrock, whose partner Ashish Puri joined AiDash’s board of directors.
Other investors include SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and others.
The company has raised $83 million across all funding rounds.
AiDash currently exceeds 150 customers worldwide and has doubled its annual recurring revenue every year since it was founded in 2019.
The latest financing round will be used to hire talent, establish a European office, and to scale up the business.
AiDash is a SaaS solution that makes infrastructure industries more climate-resilient and sustainable through the use of satellites and AI.
It currently offers five different products, including ‘Intelligent Sustainability Management System’, which can be used to measure carbon, biodiversity, and natural capital metrics. It also offers the ‘Climate Risk Intelligence System’, which can forecast storm and wildfire outages and damages.
AiDash was founded by three serial entrepreneurs (Abhishek Singh, Rahul Saxena, and Nitin Das), at the time when Californian wildfires were raging. They saw how the world needed accurate information faster to mitigate threats from vegetation and wildfires, and they acted on it.
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