Adrian JAustin-based climate tech startup AiDash has raised $50 million in a Series C funding round to further develop its AI and satellite monitoring technology. The company uses AI to analyse satellite imagery of power lines and identify potential hazards such as fire and severe weather, helping businesses to mitigate climate-related outages and hazards. AiDash’s products, including the Intelligent Vegetation Management System and the Intelligent Sustainability Management System, enable utilities to identify vegetation risks, assess infrastructure conditions and predict maintenance issues. The funding will be used to establish a European headquarters and scale production to meet growing international demand.
AiDash’s technology has the potential to reduce vegetation-caused power outages during storms by 15%, increase grid reliability by 5-15%, and deliver operational and maintenance cost efficiencies of 10-20%. The funding round was led by Lightrock, with participation from SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, and Shell Ventures.
