SANTA CLARA, Calif. — AiDash, a leading provider of satellite and AI-powered vegetation management and sustainability solutions, today announced it has secured a $27 million Series B funding spherical. Led by G2 Venture Partners with participation from BGV, National Grid Partners, and extra strategic companions, this spherical brings the company’s total funding amount to $33 million. AiDash will use the funds to broaden its vegetation administration and sustainability merchandise, serving to utilities, energy, and other industries with geographically distributed belongings remodel their operations and upkeep actions. AiDash is an AI-first vertical SaaS firm enabling satellite-powered operations administration and sustainability initiatives for core industries with geographically distributed property. We construct solutions that provide meaningful insights into customer environments and help them take clever decisions and initiatives to keep away from wasting millions of dollars annually by preventing wildfires, service outages, and buyer interruptions. Coupling disruptive AI technology with satellite analytics provides us an edge over the in-built predictive capabilities of our products and empower customers to gear up belongings for climate changes and operate sustainably.
Led by Abhishek Vinod Singh, Co-Founder and CEO, AiDash offers a satellite-powered Intelligent Vegetation Management System that automates operations and upkeep for big utility corporations. As local weather change calls for stricter regulations and the increasing want for digitalization to bring dramatic adjustments to the utility and vitality industries, AiDash’s satellite- and AI-powered software program helps them navigate these transitions. By helping utility and vitality entities lower upkeep expenses, improve resilience, de-risk ahead of maximum climate events, and operate extra sustainably, AiDash hopes to remodel these industries. The new funding will boost product innovation, hire new expertise, and additional plans for world enlargement. Enter AiDash, a Silicon Valley-based startup and provider of AI-first vertical SaaS to enable satellite-powered operations and maintenance for utility, vitality, and other core industries. Unlike NASA satellite, AiDash makes use of high-resolution, multispectral imagery, and SAR data from satellite tv for pc constellations which would possibly be fed into its proprietary AI fashions to make timely predictions for operation and maintenance actions.
The firm is already working with utilities of all sizes, including several Fortune 500 IOUs, within the United States, Canada, and the United Kingdom. With this new spherical of funding, AiDash will proceed to increase its operations in Europe, the U.K., and Australia. The two latest additions to our portfolio are both start-ups that use AI data analytics to protect infrastructure in new and higher ways.
We are working with main financial institutions and organisations to assist bridge the information gaps and supply important companies like finance to the underbanked and promote higher transparency & integrity in enterprise. The ESP matrix leverages information and analyst insight to identify and rank main companies in a given technology panorama. VentureBeat’s mission is to be a digital city square for technical decision-makers to achieve information about transformative enterprise know-how and transact. One thing NGP’s investments all have in widespread is that they share our commitment to a wiser, more renewable vitality future.
For clients including National Grid and other Fortune 500 corporations, the startup delivers analytics to mitigate the impact of wildfires, extreme storms, and erosion on assets like railways, roads, energy traces, and development websites. AiDash, a leading provider of satellite tv for pc and AI-powered vegetation management and sustainability options, at present introduced it has secured a $27 million Series B funding round. AiDash seeks to be on the forefront with a product that allows “satellite-powered” operations for utility, vitality, and related industries. To further broaden its operations, AiDash announced at present it has secured a $27 million Series B funding spherical led by G2 Venture Partners.
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AiDash, a Santa Clara, Calif.-based provider of satellite and AI-powered vegetation management and sustainability solutions, secured $27m in Series B funding spherical. AiDash, a provider of satellite and AI-powered vegetation management and sustainability options, has secured $27 million in Series B funding. The new funds will be used to boost product innovation, hire new talent, and assist AiDash increase globally, all through North America, United Kingdom and Europe. AiDash will proceed to improve its IVMS and increase its current product offerings to help the industries with geographically distributed assets deal with the problems of sustainability and disaster management. In addition to satellite tv for pc imagery, AiDash collects data from smartphones, vehicle-mounted devices, and handheld and preinstalled sensors to function a ground reality.
Companies in a range of markets are utilizing satellite tv for pc imagery to improve efficiency, scale back environmental impact, and even make investment decisions. Driving the adoption is an explosion of data — firstly of 2019, an estimated 5,000 satellites revolved across the Earth’s orbit — but also advancements in AI that make analyses of the imagery extra attainable than before. If the present pattern holds, the geospatial analytics market measurement will develop from $6.9 billion in 2020 to $27.9 billion in 2025, according to Markets and Markets. According to NASA, the smoke from the blazes is clearly seen from 438 miles above the Earth. Instead of just observing the wildfires from area, now one tech startup needs to use AI-powered satellite tv for pc know-how to forestall wildfires and power outages.
The company now has over 30 clients residing in the United States, United Kingdom, and Canada inside the utilities, energy, transportation, water and wastewater, mining, and development industries. In the last yr, AiDash has grown its customer depend by six times, its annual recurring revenue by 5 times, and its worker rely by 5 instances. AiDash signed its first buyer in early 2020 and now has over 30 clients residing in the United States, United Kingdom, and Canada inside the utilities, energy, transportation, water and wastewater, mining, and construction industries. To obtain a cleaner vitality future, the EU and the UK need to work carefully collectively on the power transition. We share related strategic local weather targets, together with a legally binding method to net-zero by 2050, and our markets have been built collectively for many years as a part of the Internal Energy Market.