On January 23, 2024, AiDash, a San Jose, CA-based enterprise SaaS company making infrastructure industries climate-resilient and sustainable with satellites and artificial intelligence (AI), announced that it had raised $50 million in an oversubscribed Series C funding round. Wilson Sonsini Goodrich & Rosati advised AiDash in the transaction.

The round was led by Lightrock, with participation from Schneider Electric-backed SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, Shell Ventures, and additional strategic investors.

AiDash has created AI models that scan satellite images, searching for any problems or changes that might impact power utility electric transmission lines. For instance, it can identify where vegetation has grown to encroach upon power lines. Furthermore, its technology is being used to create surveys for companies facing new biodiversity reporting regulations, such as those in the United Kingdom. 

The Wilson Sonsini team that represented AiDash in the transaction includes Bob O’Connor, Mike Pestana, Virginia Harris, Angela Chan, Imani Ivery, Laura Jetter, and Janine Swanson.

For more information, please see AiDash’s news release. Additional coverage can be found on Reuters.