Schneider Electric buys AiDASH for $350M in rare climate adaptation exit

Schneider Electric has agreed to buy about 90% of AiDASH 's shares in an all-cash deal valuing the startup at $350 million, according to the French company's half-year results. AiDASH uses satellite imagery and AI to help utilities spot vegetation risks, storm damage, and wildfire threats along power lines. Once closed, it will become part of Schneider Electric's Energy Management segment.

Founded in 2019 and based in Palo Alto, the company replaces the manual, multi-year trimming cycles most utilities still use. One Fortune 500 utility deployed the platform to monitor over 50,000 miles of lines previously checked by hand every four to five years. Today AiDASH serves more than 140 utility customers and covers over 500,000 miles of power lines.

The acquisition fits Schneider Electric's broader AI push. The Paris-headquartered energy management and automation company, which posted revenues of €38 billion in 2025, also has a separate $3.1 billion deal to buy industrial data and AI software firm Cognite .

AiDASH raised $58.5 million in a March 2024 Series C led by Lightrock , following a $27 million Series B in 2021 and a $6 million Series A in 2020. Backers included Shell Ventures , Duke Investments , National Grid Partners, Marubeni , and Schneider Electric's own venture arm, SE Ventures. Most are expected to exit once the deal clears regulatory approval.

Only about 10% of global climate finance goes to adaptation, with most funding flowing to mitigation, per UNCTAD analysis. A $350 million exit for an adaptation-focused software company is rare and shows venture-scale returns are possible in a long-underfunded corner of climate tech.