AiDash provides full-stack SaaS solutions that combine satellites and AI to help critical infrastructure industries become climate-resilient and more sustainable. Its products serve customers in electric, gas, and water utilities, transportation, and construction by transforming asset inspection and maintenance. The company also helps customers comply with biodiversity net gain mandates and carbon capture goals. AiDash states customers deliver ROI in their first year of deployment through reduced costs, improved reliability, and achieved sustainability goals. The company is preparing to scale globally and execute on its growth ambitions following its recent raise. Financially, AiDash has raised a total of $91.5 million to date after closing an oversubscribed Series C at $58.5 million. AiDash provides satellite- and AI-powered vertical SaaS products for operations, maintenance, and sustainability, targeting utilities, energy, mining, and other industries with distributed assets. Its product suite includes an Intelligent Vegetation Management System, an Intelligent Sustainability Management System, and a Disaster and Disruption Management System (DDMS) that forecasts storm and wildfire outages and damages in near real-time. DDMS supports planning, response, and restoration for utilities, energy companies, governments, and cities before, during, and after extreme events. The company says the recent capital will be used to enhance product capabilities, accelerate R&D, hire new talent, and expand into additional global markets. AiDash reported nearly 3X year-over-year annual recurring revenue growth within 12 months, doubled headcount and customer base, and reached over 75 utility customers in 2022, including Fortune 500 companies. The company is positioning its technology to modernize electric grids, reduce vegetation-driven outages, and integrate with Schneider Electric’s EcoStruxure Grid Asset Advisor to drive grid resilience and sustainability. AiDash is an AI-first vertical SaaS provider that uses high-resolution multispectral and SAR satellite data fed into proprietary AI models to automate operations, maintenance, and sustainability for industries with geographically distributed assets. Its flagship Intelligent Vegetation Management System (IVMS) combines hi-res multispectral imagery and ground data to automate vegetation management for large utilities, with aims such as preventing wildfires and reducing storm damage. The company serves utilities, energy, transportation, water and wastewater, mining, and construction customers and now counts over 30 customers across the U.S., U.K., and Canada. In the past year AiDash grew customer count sixfold, annual recurring revenue fivefold, and headcount fivefold; it signed its first customer in early 2020. AiDash plans to use new capital to expand IVMS and other product offerings, accelerate product innovation, hire talent, and expand globally across North America, the U.K., and Europe. The company positions IVMS as the only proven satellite-powered vegetation management system and emphasizes multi-source data and workflow automation to help utilities meet stricter green regulations and improve disaster management. AiDash uses high-resolution multispectral and SAR satellite imagery combined with proprietary AI models to deliver satellite-powered operations and maintenance solutions for utilities, energy, and other industries with geographically distributed assets. Its applications focus on Vegetation Management, Remote Monitoring & Survey, and Disaster and Disruptions Management, and the company says its Intelligent Vegetation Management System is the world’s only satellite-powered vegetation management system deployed at scale for large utilities. AiDash works with several Fortune 500 utilities in the United States. The company is based in the San Francisco Bay Area (Santa Clara, Calif.) and plans to expand operations into Europe, Australia and Asia. AiDash raised $6 million in a Series A funding round and will use the proceeds to boost product innovation, hire new talent and support global expansion. The founding team are described as serial entrepreneurs and IIT alumni with prior exits and experience running Tier-1 VC-funded companies, and two investors’ representatives will join the board.

Total raised

$102M

Funding rounds

4

Latest round

Series C

Latest activity

Apr 2024