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Acquisition
United States
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Software
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Private
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software developer
Private Equity
Synopsis
Lightrock, a private equity firm, led a $50m Series C round in AiDash, an enterprise SaaS company, with participation from SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International and Shell Ventures. “Our aging infrastructure is breaking under the strain of environmental change, putting lives at risk. 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 AiDash to more markets," Abhishek Singh, AiDash Co-Founder and CEO.
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