AiDash announces massive ARR and new customer growth in Q2 2022
In Q2, the climate-tech company expanded into new geographies and extended offerings beyond electric utilities to gas utilities, oil and gas, transportation, and water and wastewater companies.
SANTA CLARA, Calif. – AiDash, a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a record-breaking Q2 2022, with the company experiencing about 3x growth year over year in annual recurring revenue (ARR) and number of customers compared to Q2 2021.
Adding customers in Europe and Asia, AiDash expanded its offerings beyond electric utilities to gas utilities, oil & gas, transportation, and water & wastewater in Q2 2022. The company also grew its employee headcount by 125% to support the booming business.
“I couldn’t be more humbled by the continued success of AiDash,” says Abhishek Singh, co-founder and CEO of AiDash. “In Q2 alone, our revenue grew 61% quarter over quarter while we expanded into new geographies and industries, experienced exponential growth in ARR, customers and employees, and set the foundation for continued growth into the second half of the year. I’m proud of these milestones and look forward to future growth.”
In Q2 2022, AiDash hired a new chief financial officer and appointed a new vice president of product management to support the company’s momentum. In May 2022 the company released a brand new product, the Disaster and Disruption Management System (DDMS), which helps utility and energy companies, as well as governments and cities, manage the impact of natural disasters. DDMS has already received strong customer traction, and is now seeing 85 – 90% model accuracy when predicting customer interruptions before, during, and after storms.
Heading into the second half of the year, customers can expect major advancements to its Intelligent Sustainability Management System (ISMS). The company is also finalizing several other advancements to its portfolio, which are set to release before the end of 2022. These include tree health risk predictions, wildfire risk management and mitigation, carbon offset measurements and net gain planning, plus biodiversity net gain planning to help companies meet environmental goals, and accelerate ESG reporting and sustainability initiatives, as well as remote monitoring for roads. AiDash also plans for further global expansion in North America, Europe and Asia.
Founded in 2019, AiDash has quickly acquired over 60 customers, including National Grid, Entergy, Avista, and other Fortune 500 companies. This rapid growth reflects AiDash’s purposeful strides as a climate-tech company that is creating a greener, cleaner, safer planet from space. To learn more, please visit www.aidash.com.
About AiDash
AiDash is an AI-first vertical SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale. With access to a continual, near real-time stream of critical data, utilities, energy, mining, and other core industries can make more informed decisions and build optimized long-term plans, all while reducing costs, improving reliability, and achieving sustainability goals. To learn more about how AiDash is helping core industries become more resilient, efficient, and sustainable, visit www.aidash.com.