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SaaS Startup AiDash Secures $58.5 Million in Series C Funding – FUNDING NEWS

AiDash, an enterprise software as a service provider, has announced the formal closure of its $58.5 million Series C fundraising round. The firm uses satellites and artificial intelligence to make critical infrastructure industries climate resilient and sustainable.

AiDash, an enterprise software as a service provider, has announced the formal closure of its $58.5 million Series C fundraising round. The firm uses satellites and artificial intelligence to make critical infrastructure industries climate resilient and sustainable.

The company’s inaugural $50 million Series C round was oversubscribed, attracting new investors such as Japanese corporation Marubeni Corporation and renowned private equity firm Lightsmith Group. With this, the company has now raised $91.5 million in total capital.

Read also – Artificial Intelligence Computing Firm Blaize Secured $106 Million In Funding

“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,” 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.”

With a diversified collection of top-tier investors, impact investor Lightrock led the $58.5 million Series C, placing the company in a good position to successfully execute on its aspirations for global expansion.

With Lightsmith’s contribution, we have additional experience with climate resilience and sustainability.

Read also – Philippines-Based Startup Higala Secures Seed Funding

In the Series C round, new utility investor Duke Energy joins established North American utility investors National Grid and Edison International, as well as new strategic investors Sabanci Ventures in EMEA and Marubeni Corporation in the Asia-Pacific region. The other investors from prior rounds who participated were SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures.

About AiDash

AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI.

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