AiDash closes Series C funding with $58.5M
The AI-SaaS company extended its Series C round to meet demand from new investors, including Lightsmith Group and Marubeni Corporation.
AI-SaaS company , which is working on climate-resilient and sustainable infrastructure, has announced the closing of its Series C funding round at $58.5 million. The round was led by global private equity platform Lightrock.
The latest funding is in addition to the $50 million raised by the company in January this year, which drew additional investors, including private equity firm Lightsmith Group and Japanese conglomerate, Marubeni Corporation. Duke Energy, North American utility investors National Grid, and Edison International also participated in the round.
Energy and climate technology-focused Sabanci Ventures and Tokyo-based Marubeni Corporation were also part of the Series C round. It also included Ooher investors from prior rounds, including SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures.
The company’s total funding till date stands at $91.5 million.
“We are humbled by the interest from global investors and partners in our company’s mission and our satellite-first products,” said Abhishek Singh, Co-founder and CEO of AiDash.
“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,” he added.