Schneider Electric to Acquire AiDash for $350 Million
For original article see here: https://www.esgtoday.com/schneider-electric-acquires-grid-resilience-solutions-provider-aidash-for-350-million/ ESG Today – Global energy technology company Schneider Electric announced an agreement to acquire satellite data and AI-powered risk intelligence provider AiDASH, in a transaction valuing the company at an enterprise value of $350 million. Founded in 2019, Palo Alto-based AiDASH provides vegetation, asset, and climate risk intelligence solutions […]
These Founders Saw A Fire And Built A Company To Prevent Others
For the original article, click here. In 2018, California saw its most destructive wildfire. The cause was a poorly maintained electrical transmission line. The founders of what is now AiDash recoiled at the destruction and were drawn to the satellite images of its extent. They wondered what information satellite images might yield to find the […]
Strategic Investor Sabanci Climate Ventures Joins AiDash Series C Round
For original article, click here. As demand for the company’s climate-resilient technology products grows, Sabanci’s investment and expertise will unlock opportunities in EMEA SAN JOSE, Calif.– March 25, 2024 — AiDash, an enterprise SaaS company making critical infrastructure industries climate-resilient and sustainable with satellites and AI, today announced that Sabanci Climate Ventures, the Energy and Climate Technologies […]
AiDash Featured on TIME’s America’s Top GreenTech Companies 2024 List
For original article, click here. The inaugural list recognizes AiDash as one of few climate software companies to showcase positive environmental impact, financial strength and innovation drive SAN JOSE, Calif.– March 7, 2024 — AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, announced it has been named on […]
AiDash Extends its Series C Funding Round, Adds Duke Energy as a Strategic Investor
For original article, click here. Utility joins Lightrock, SE Ventures, and others at the intersection of infrastructure, tech, and climate resiliency SAN JOSE, Calif.– February 28, 2024 — AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, today announced that it received a strategic investment from Duke Investments, LLC, […]
AiDash Raises $50 Million to Safeguard Critical Infrastructure From Climate Change-related Threats
For original article, click here. Series C funding, led by Lightrock, will be used to significantly increase headcount, establish a European HQ, and scale to meet growing international demand Using satellites and AI, AiDash’s solutions improve the resilience of critical infrastructure by 5-15%, increase client operational efficiency, and have the potential to save core industries […]
Startup AiDash raises $50 million for tech using AI, satellites to spot wildfire risk
For original article, click here. Jan 23 (Reuters) – A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy companies adapt to climate change. Power […]
How Better Tech Could Save Lives in a World of Bigger, Faster, More Devastating Fires
We can already detect fires from space, soon after they start. Here’s why we don’t yet have a nationwide system for alerting us when they do—but could someday. For original article, click here. Soon after the fire that would devastate Lahaina, Hawaii, sparked on the afternoon of Aug. 8, a U.S. government satellite 22,000 miles […]