AiDash secures $6M in Series A funding, led by Benhamou Global Ventures and National Grid Partners
We, at AiDash, are proud and thrilled to announce that we’ve raised $6 million in a Series A funding round, led by Benhamou Global Ventures and National Grid Partners today. As part of the financing, we’re ecstatic to welcome Yashwanth Hemaraj, Partner at BGV, and Andre Turenne, Director at NGP, to the AiDash board.
At a time when wildfires, hurricanes, pipeline leaks and power outages have proved catastrophic to the utility and energy industries, we’re helping them mitigate these problems and be resilient using satellite data and AI at scale. The funding will be used to boost product innovation, hire new talent and further plans for global expansion.
Talking on these lines, AiDash CEO and co-founder Abhishek Vinod Singh said, “As wildfires, hurricanes and COVID-19 pose new challenges to the utility and energy industries, they’re looking for innovative technologies to transform their O&M activities. At a time when drones and LiDAR have failed to yield results, satellite technology is breaking new ground. AiDash’s Intelligent Vegetation Management System is the world’s only satellite-powered vegetation management system deployed at scale for large utilities.”
“The funding will allow us to boost the deployment of satellite analytics as the technology of choice for automated operations & maintenance,” he added.
About the investors
Benhamou Global Ventures is an early-stage venture capital firm focused on Enterprise 4.0 technology innovation. The partners at BGV drove successive waves of enterprise technology disruption in Silicon Valley and have over 300 years of combined operational experience. The firm adopts a global outlook, sourcing companies from innovation hubs around the world, and invests in cross-border ventures anchored in Silicon Valley. BGV has offices in Palo Alto, California and Tel Aviv, Israel and maintains a presence in France and India. Visit bgv.vc.
National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. NGP invests for strategic and financial impact and leads companywide culture transformation efforts. The organization provides a multi-functional approach to building startups, including innovation (new business creation), incubation, corporate venture capital, business development and culture acceleration. NGP is headquartered in Silicon Valley and has offices in Boston, London, and New York. Visit ngpartners.com or follow them on Twitter (@ngpartners_).
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