Schneider AiDASH acquisition values climate software startup at $350M
Schneider Electric agreed to buy about 90% of AiDASH in cash, adding satellite-based utility risk software to its energy management unit.
By Ingrid Halvorsen · Venture Capital Reporter
· 3 min read
Schneider Electric has agreed to acquire about 90% of AiDASH in an all-cash transaction tied to a $350 million valuation, according to Schneider Electric’s half-year results. The Schneider AiDASH acquisition gives the Paris-based energy management and automation company a climate adaptation software asset aimed at utilities managing wildfire, storm and vegetation risks.
Schneider Electric, which reported €38 billion in 2025 revenue, said the deal fits within a broader AI strategy. The company also has a separate $3.1 billion agreement to buy Cognite, an industrial data and AI software company. Schneider said AiDASH will sit inside its Energy Management reporting segment after closing.
The company did not disclose the expected close date, regulatory approval timeline, treatment of the remaining roughly 10% stake, or AiDASH’s revenue. Those omissions matter because the transaction is being framed as one of the larger exits in climate adaptation, a category that has attracted less capital than decarbonization software and infrastructure.
What does AiDASH do?
AiDASH, founded in 2019 by Abhishek Vinod Singh, Rahul Saxena and Nitin Das, is based in Palo Alto, with additional offices near Washington, D.C., and in Bengaluru. The company uses satellite imagery and AI to help utilities identify vegetation threats, storm damage and wildfire exposure along power lines before they create outages or fires.
Its pitch to utilities is operational: replace slow field inspection and trimming cycles with more frequent remote monitoring. One Fortune 500 utility used AiDASH’s platform to track more than 50,000 miles of distribution lines that had previously been inspected manually every four to five years, according to company information cited in prior reporting.
AiDASH says it now works with more than 140 utility customers and monitors more than 500,000 miles of power lines. The company has positioned that coverage as a way for utilities to cut risk in service territories where fires, storms and heat are raising the cost of grid maintenance.
Why is the Schneider AiDASH acquisition notable?
The buyer was already on AiDASH’s cap table. AiDASH raised $6 million in Series A funding in October 2020, led by Benhamou Global Ventures and National Grid Partners. G2 Venture Partners led a $27 million Series B in 2021. In 2024, the company announced a Series C that was initially reported at $50 million and later closed at $58.5 million.
That Series C was led by Lightrock and included Sabanci Climate Technologies, Lightsmith Group, Marubeni, Duke Investments, Schneider Electric, SE Ventures, Shell Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners and Edison International. Lightrock’s Ash Puri joined AiDASH’s board as part of that round, according to earlier reporting by Tech Funding News.
The investor mix is unusual because many backers are tied directly to utilities, energy or infrastructure. For those investors, AiDASH was less a generic AI bet than a software company built around a specific grid operations problem.
The climate finance context is also part of the deal. UNCTAD has found that climate finance has concentrated more heavily on mitigation than adaptation, while adaptation projects remain underfunded as wildfires, storms and heat risks rise. The prior reporting cited a figure that only about 10% of global climate finance goes to adaptation.
If completed, the sale would give several climate and strategic investors a cash exit from a resilience-focused software company. It also gives Schneider another AI-related asset for industrial customers, though Schneider has not disclosed how AiDASH will be priced, integrated or sold alongside its existing energy management products.
This story draws on original reporting from TechFundingNews.
