Indian Solar Saas Startup Sensehawk Raises $5.1M in Series A Round Led by Alpha Wave Incubation
by YourStory 2020-09-07
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SenseHawk, a SaaS startup that helps customers develop, build, and operate solar and other infrastructure sites with insights, has raised $5.1 million in Series A funding. The investment round was led by Alpha Wave Incubation (AWI), a $300 million venture fund managed by Falcon Edge Capital, a leading global alternative asset manager, and backed by ADQ. Existing investor SAIF Partners also participated with a follow-on investment.

 

SenseHawk’s cloud-based platform modules enable solar companies to reduce costs, enhance workforce productivity, and improve solar site performance by leveraging sophisticated AI and machine learning models.

 

The SenseHawk platform is used by over 80 customers to analyse over 28 GW of solar assets in 15 countries. The company is focused on expanding its offerings and customer base as the world increasingly moves towards renewable energy.

 

It is also helping companies in road infrastructure, power transmission, and construction industries.

 

The application modules on the SenseHawk platform support site and terrain management, construction monitoring, operations, thermography, work management, and file organisation.

 

A mobile app brings data to field techs so they have all the information to support onsite navigation and enables users to navigate to allocated tasks on sites, which can be thousands of acres in size.

 

The platform can be used by a developer, EPC, O&M contractor, asset owner, independent engineer or anyone else who works on a solar project.

 

The company will expand to Abu Dhabi and use the UAE as a global base for international expansion, while also targeting the Gulf Cooperation Council (GCC) countries, the Middle East and North Africa (MENA), and other global markets. It plans to hire a team of data scientists, product managers and engineers located in Abu Dhabi.


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