AiDash Raises $50M in Series C Funding
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California startup AiDash, using AI and satellites, raised $50 million to spot fire and weather risks on power lines. This reflects Silicon Valley's efforts to help energy companies adapt to climate change. Power utilities face pressure to reduce forest fire and storm-based outages caused by power lines and weather events. The funding will also be used to establish a European headquarters. AiDash's AI technology searches satellite images for problems and changes along power utility transmission lines, aiding in maintenance priorities and cutting outages.
Los Angeles CA (SPX) Jan 24, 2024 - AiDash, an enterprise Software-as-a-Service (SaaS) company specializing in making critical infrastructure industries more resilient and sustainable against climate change, has recently announced a s
AiDash, an enterprise SaaS company, has raised $50 million in an oversubscribed Series C round led by impact investment firm Lightrock.
A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had