AiDash, a provider of satellite and AI-powered vegetation management and sustainability solutions, has announced it has secured a $27 million Series B funding round. Led by G2 Venture Partners with participation from BGV, National Grid Partners, and additional strategic partners, this round brings the company’s total funding amount to $33 million.
“Wildfires were rampant in California when we first set out to launch AiDash, and utility companies were stuck following antiquated processes that required sending physical teams out to manually analyze thousands of miles of vegetation; a project that can take years to accomplish for just one utility alone,” said Abhishek Vinod Singh, AiDash Co-Founder and CEO. “Our Intelligent Vegetation Management System allows electric and gas utilities and other core industries to operate more efficiently, transforming their operations and maintenance activities. We’re excited to use this funding to grow our team and further develop our product offerings.”
Yashwanth Hemaraj, Partner at BGV said, “Natural catastrophes such as wildfires, hurricanes, and floods illustrate every day that climate change has a serious impact on the global population. AiDash is focusing on this increasing pain point for society at large, demonstrating how technology can help us cope with the negative consequences of climate change. The AiDash platform offers both a proactive and reactive system to deal with these challenges, using multiple data sources — including satellite data and custom-built AI models — to address the needs of the utility and energy industries. With deep workflow automation built with the needs of its customers in mind, AiDash can help these industries meet increasingly stringent green regulation requirements and decrease their negative climactic impact.”
“We’re proud to partner with AiDash and support their efforts to leverage satellite and AI technology to improve operations and help utilities and other critical infrastructure adapt to the changing climate,” said David Mount, Partner at G2 Venture Partners.
“AiDash and National Grid Partners are both committed to revolutionizing the utility and energy industries with analytics and AI. By supporting the growth and capabilities of AiDash’s satellite analytics platform, we’re excited to continue creating a smarter, future-ready and sustainable industry,” said Lisa Lambert, Chief Technology and Innovation Officer at National Grid and Founder and President of National Grid Partners.
The new funds will be used to boost product innovation, hire new talent, and help AiDash expand globally, throughout North America, United Kingdom and Europe.
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