SenseHawk, a software company as a service company that helps consumers develop, build and operate Sun and other infrastructure sites, announced that it had raised $5.1 million in A1 Series financing.
The investment will be used to expand SenseHawk’s cloud platform and application modules, which solve several demanding situations in the development and operation of solar sites.
Its application modules enable solar corporations to reduce the costs, productivity of their workforce, and functionality of solar sites by leveraging complicated models of artificial intelligence and device learning.
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 portfolio corporations founded in Abu Dhabi.Partners also participated with a follow-up investment.
Global installed solar capacity is expected to increase from the existing installed base from 600 GW to 3000 GW worldwide by 2030.As the world moves more and more towards renewable energy, SenseHawk, whose US headquarters is increasingly moving towards renewable energy.But it’s not the first time Also located in India, it is focusing on expanding its offerings and customers.
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 site application modules and box control, structure monitoring, operations, thermography, paint control and record organization.
A cellular app extends the strength of the platform and provides knowledge to box technicians so they have all the data they want at their fingertips. The cellular app also supports site navigation, 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, Middle East and North Africa Cooperation Council countries and other global markets.knowledge scientists, product managers and engineers in Abu Dhabi.
Swarup Mavanoor, CEO and co-founder of SenseHawk, said: “Alpha Wave Incubation investment provides strategic access to the MENA market in addition to driving 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 in which they invest.
“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, CEO of Alpha Wave Incubation, said: “SenseHawk has complicated technology, strong global traction and a control team with extensive experience in the solar industry.We are very happy with a leading SaaS company in the AI sector that improves the performance, productivity and profitability of its customers.
“Its platform offers a great application to the United Arab Emirates and the renewable energy sector that is already under development.”