SenseHawk, a software as a service (SaaS) company that helps consumers develop, build and operate Sun and other infrastructure sites, announced that it had raised $ 5.1 million in Series A1 financing.
The investment will be used to expand SenseHawk’s cloud platform and application modules, which solve several demanding situations in the development, structure and operation of solar sites.Its application modules enable solar corporations to reduce the costs, productivity of their workforce, and Sun’s functionality by leveraging complicated device learning and artificial intelligence models.
The investment cycle was conducted through Alpha Wave Incubation (AWI), a $300 million venture capital fund controlled through Falcon Edge Capital, a global choice asset manager, and backed by ADQ, one of the largest regional holding corporations founded in Abu Dhabi.Partners also participated with a follow-up investment.
Global installed solar capacity is expected to grow from the existing installed base from 600 GW to 3000 GW globally by 2030.As the world shifts more and more toward renewable energy, SenseHawk aims to expand its offerings and reach.visitor base.
In addition, SenseHawk is already expanding its market by providing services to consumers in the road infrastructure, energy transmission and structure sectors, and expanding its offering beyond solar energy.
SenseHawk platform application modules, site and box control, structure monitoring, operations, thermography, paint control and record organization. A cellular application extends the strength of the platform and provides knowledge to cash technicians so they have all the data they want at their fingertips.The cellular app also allows you to navigate the site, allowing users to seamlessly navigate to responsibilities assigned to sites up to thousands of acres.
As a component of AWI’s investment, SenseHawk will expand its presence in Abu Dhabi and use the emirate as a global base for foreign expansion, while targeting Gulf Cooperation Council (GCC), Middle East and North Africa (MENA) countries and other markets.it will also build a team of knowledge scientists, product managers and engineers in Abu Dhabi.
“Investment through Alpha Wave Incubation provides strategic access to the MENA market and drives the continued progression of our software platform.Tracking investment through SAIF Partners is a validation of our control and reaffirms its commitment to being a long-term spouse of the startups they invest in,” said Swarup Mavanoor, CEO and co-founder of SenseHawk.”The solar structure is on a fast track and this new investment allows us to continue with designers, developers and operators in this critical form of renewable energy.
Anirudh Singh, Managing Director of Alpha Wave Incubation, said: “SenseHawk has complicated technology, strong global traction and a control team with a lot of experience in the solar industry. We are very pleased with a leading SaaS company in the field of AI empowers its consumers to increase performance, productivity and profitability in stages. Its platform provides massive application to the United Arab Emirates and the already giant and growing renewable energy sector of the GCC countries.