Startup AiDash raises $50 mn in funding for tech that uses AI, satellites

AiDash, a startup which uses artificial intelligence (AI) and satellites to spot weather risks on power lines, said on Wednesday it has raised $50 million in Series C funding led by Lightrock.

SE Ventures, a global venture fund backed by Schneider Electric, also participated in the round, alongside all of AiDash’s previous investors G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and additional strategic investors.

This brings the total fund raised by the enterprise SaaS solutions firm to $83 million. The Series C round was oversubscribed and indicates investor interest in effective climate technologies, said the company headquartered in California.