AiDash Extends its Series C Funding Round, Adds Duke Energy as a Strategic Investor
Utility joins Lightrock,
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Duke Investments joins global impact investment firm Lightrock;
The additional investment comes amid a surge in demand for AiDash’s suite of satellite-first products, including its Intelligent Vegetation Management System™ (IVMS™), which helps utilities identify and manage vegetation risks along rights-of-way; Climate Risk Intelligence System™ (CRIS™) for accurate outage forecasting due to storms and wildfires; Asset Inspection and Monitoring System™ (AIMS™), which helps utilities better manage their assets; and BNGAI™, which helps organizations manage biodiversity programs. These solutions enhance climate resilience, sustainability, and operational efficiency, leading to optimized O&M spend, improved reliability, and reduced weather-related incidents. Duke Investments participated in the round after seeing how closely its investment priorities align with AiDash’s technology and vision for the future.
“Innovative companies like AiDash help make it possible for us to deliver reliable power to our millions of customers and to make progress on our ambitious climate goals,” said
AiDash products are already redefining grid reliability and resource efficiency. Its technology can reduce the number of vegetation-caused power outages during storms by 15%, boost grid reliability by 5-15%, and deliver Operations & Maintenance (O&M) cost efficiencies to clients of 10-20%, creating value for customers and delivering climate impact. The company’s impact extends beyond cost-savings and includes safeguarding the environment and property by reducing the likelihood of wildfires caused by vegetation interfering with the safe operation of assets.
“Better tools and technologies are required to manage growing climate-related risks and enable the energy transition. Our combination of satellite technology and AI can protect essential systems, which often span huge geographical areas,” said
To learn more about all the ways in which AiDash is supporting climate resiliency and sustainability, please visit www.aidash.com.
About AiDash
AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using our full-stack SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction are transforming asset inspection and maintenance – and complying with biodiversity net gain mandates and carbon capture goals. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and achieved sustainability goals. Learn more at www.aidash.com.
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AiDash
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Source: AiDash