Marubeni : Invests in U.S. Company AiDash for Satellite and AI-Powered Infrastructure Maintenance Solutions
April 24, 2024 at 01:10 am EDT
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Apr. 24, 2024
Marubeni Corporation
Marubeni Corporation (hereinafter, "Marubeni") has invested in AiDash, a U.S.-based solution provider that utilizes satellite imagery and artificial intelligence (AI) to optimize and digitize operations and maintenance for critical infrastructure such as electricity, gas, and water networks. In AiDash's Series C funding round, in which Marubeni participated, the company raised over USD 50 million from lead investor Lightrock and other investors, including Benhamou Global Ventures, SE Ventures, G2 Venture Partners, Shell Ventures, and National Grid Partners.
AiDash provides SaaS (Software as a Service) that combines high-resolution satellite imagery with AI to enable satellite-based operations and maintenance for utilities, roads and railways, and other critical infrastructure industries with geographically dispersed assets. Power grid infrastructure is currently facing reliability challenges from the expansion of renewable energy, worsening climate disasters such as wildfires, and cost increases due to labor shortages. AiDash provides a comprehensive vegetation management solution for electricity networks, from risk assessment-based vegetation management planning to operational management and inspection tracking. This solution has received high praise from power companies and grid operators. AiDash offers other services that contribute to optimization and digitalization of operations and maintenance of critical infrastructure, plus biodiversity impact analysis for developers.
Inspect transmission right of ways
Automated workflows with an integrated web and field mobile app
This investment in AiDash marks another step by Marubeni in the field of grid resiliency and operational enhancement, following its previous investment in LineVision Inc., a U.S.-based Dynamic Line Rating technology company to expand grid capacity using real-time grid monitoring and analytics. With this investment, Marubeni will support AiDash's planned expansion into the Asia-Pacific region by 2025 and its access to critical infrastructure businesses worldwide.
Through investments in and partnerships with startups with cutting-edge technology and business models, Marubeni aims to help expand solutions for critical infrastructures to contribute to solving social and environmental issues.
AiDash Company Overview:
Company Name:
AiDash
Head Office:
California, USA
Establishment:
January 2019
Representative:
Abhishek Vinod Singh
Main Business:
Optimization and digitalization solutions for maintenance operations of public infrastructure using satellite imagery
Website:
https://www.aidash.com/
Related news releases:
・October 5, 2022
Investing in and Establishing a Strategic Partnership with LineVision Inc. https://www.marubeni.com/en/news/2022/release/00073.html
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Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)