AiDash, a San Jose-based enterprise SaaS solutions provider utilizing satellite and AI technologies, secures $50 million in a Series C round led by global impact investor Lightrock. Ashish Puri, Partner at Lightrock, is set to join the board of AiDash. Additional participation comes from SE Ventures, backed by Schneider Electric, and existing investors like G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, and Shell Ventures.
Rahul Saxena, Co-founder and Chief Product and Technology Officer of AiDash, emphasizes the need for advanced tools to manage environmental risks, stating, “Our ageing infrastructure is breaking under the strain of environmental change, putting lives at risk.” The funding enables AiDash to expand its suite of solutions to broader markets.
With a total funding of $83 million across four rounds, AiDash plans to use the current funds to double its team to over 600 employees in two years and establish a European headquarters. The company, currently employing 300 individuals, including 250 in India, aims for substantial growth.
As part of its India expansion, AiDash secures additional office space in Bengaluru and plans to hire 150 professionals across various departments in 2024. Founded in 2019, AiDash provides comprehensive infrastructure management solutions leveraging satellite technology and AI applications. The startup collaborates with over 150 global companies in sectors such as electric utilities, gas, water and wastewater, and energy.
Rahul Saxena further states, “With the funding, AiDash will be able to take its suite of solutions to more markets,” indicating the company’s strategic focus on expanding its global footprint. The startup’s product offerings include the Intelligent Vegetation Management System, Intelligent Sustainability Management System, Climate Risk Intelligence System, and Integrity and Encroachment Management System.
