AiDash, an enterprise SaaS firm, mentioned it had raised $50 million in funding, bringing the entire raised to this point to $83 million. The Series C round was oversubscribed, it added.
Lightrock led the funding round, with Partner Ashish Puri becoming a member of the AiDash’s board of administrators. SE Ventures backed by Schneider Electric, additionally participated in the round, alongside all earlier buyers, together with G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and extra strategic buyers, the firm mentioned in a press release.
The funds might be used to gasoline development as the corporate anticipates almost doubling its group of 300 over the following two years. It additionally plans to ascertain a European headquarters and proceed to broaden internationally to fulfill rising demand.
“Our aging infrastructure is breaking under the strain of environmental change, putting lives at risk,” mentioned Rahul Saxena, Co-founder and Chief Product and Technology Officer of AiDash.
“Better tools and technologies are required to manage this growing risk and its potential future impact. Our combination of satellite technology and AI is capable of managing this risk and safeguarding at-risk systems, like those managed by utility companies which often span huge geographical areas. With this funding, we look forward to expanding our reach and bringing the benefits of the company to more markets,” he added.
