Enterprise SaaS firm AiDash closes Series C funding round at $58.5 million

AiDash, an enterprise SaaS company specializing in AI-driven satellite solutions for critical infrastructure, has closed its Series C funding round at $58.5 million.

The round was oversubscribed, initially targeting $50 million. New investors include private equity firm Lightsmith Group and Japanese conglomerate Marubeni Corporation, bringing the company’s total funding to date to $91.5 million.

"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.

Who are the investors?

The funding round was led by impact investor Lightrock. Lightsmith Group’s investment brings expertise in climate resilience and sustainability. 

The Series C round attracted new strategic investors, including Duke Energy, National Grid, Edison International, and Marubeni Corporation, along with existing backers such as SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures. 

What does AiDash do?

Founded by Abhishek Vinod Singh, Nitin Das, and Rahul Saxena, AiDash aims to make critical infrastructure industries climate-resilient and sustainable using satellites and AI. 

The company’s SaaS solutions help customers in various sectors, including utilities, transportation, and construction, improve asset inspection and maintenance, comply with biodiversity mandates, and achieve carbon capture goals. The funding will enable AiDash to expand its innovative offerings globally.

Abhishek Singh emphasized the importance of building reliable and sustainable infrastructure, saying, “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.”