San Jose-based enterprise SaaS solutions provider AiDash raises $50 million in a Series C funding round, with global impact investor Lightrock leading the investment. Lightrock's Ashish Puri will join AiDash's board. SE Ventures, supported by Schneider Electric, and existing investors such as G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International and Shell Ventures, also participate in the funding.

Rahul Saxena, AiDash's Co-Founder and Chief Product and Technology Officer, underscores the imperative for advanced tools in managing environmental risks, noting, "Our aging infrastructure is succumbing to the challenges of environmental change, jeopardizing lives". The recent funding positions AiDash to broaden its suite of solutions to wider markets. With a cumulative funding of $83 million from four rounds, AiDash intends to use the current investment to double its team to over 600 employees within two years and establish a European headquarters. The company, currently with 300 employees, including 250 in India, is poised for substantial expansion.

As part of its growth strategy in India, AiDash secures additional office space in Bengaluru and plans to hire 150 professionals across various departments in 2024. Founded in 2019, AiDash offers comprehensive infrastructure management solutions utilizing satellite technology and AI applications. The startup collaborates with over 150 global companies across sectors such as electric utilities, gas, water and wastewater, and energy.

Rahul Saxena further states, "With the funding, AiDash will be able to take its suite of solutions to more markets", underscoring the company's strategic focus on expanding its global footprint. The startup's product offerings encompass the Intelligent Vegetation Management System, Intelligent Sustainability Management System, Climate Risk Intelligence System, and Integrity and Encroachment Management System.