Aereo, India’s main drone-based enterprise intelligence supplier, has efficiently closed a USD 15 million Sequence B funding spherical led by 360 ONE Asset. The spherical noticed participation from long-standing buyers StartupXseed Ventures and Navam Capital.
Aereo delivers enterprise intelligence options to assist handle giant capital belongings utilizing proprietary drones and an AI-powered information analytics platform. Their sector-specific options cater to mining, infrastructure, city and rural improvement, land data, and different industries translating right into a 400% income development within the final two years and market dominance.
Vipul Singh, co-founder and CEO of Aereo, acknowledged, “This funding milestone permits us to increase our aerial intelligence options for capital asset administration. With our proprietary drone tech and 360 ONE Asset’s partnership, we intention to revolutionise this $10 billion business and create a worldwide footprint.”
Suhas Banshiwala, co-founder and CTO of Aereo, acknowledged, “Our imaginative and prescient is to repeatedly innovate drone manufacturing and information analytics for the larger good. We’re excited in regards to the confidence our clients and shareholders have proven and are gearing up for an orbital shift.”
Aereo has been recognised by the Asian Infrastructure Funding Financial institution (AIIB) as one of many high three infra-tech organisations. As a expertise associate for Coal India Restricted’s Digicoal initiative, Aereo gives crucial enterprise intelligence for among the world’s largest coal mines for enhancing productiveness, effectivity, security, and environmental compliance. It has additionally been empanelled with Tata Metal since 2019, aiding the digitalisation of over 27 crucial mines and stockyards. Over the previous three years, Aereo has achieved important milestones, together with mapping over 45,000 villages beneath the SVAMITVA scheme and overlaying greater than 50,000 sq. km of land space for the Digital India Land Report Modernisation Program (DILRMP).
The Sequence B funding serves as a robust catalyst for Aereo’s development, with a key give attention to automation. Their AI-powered drone information analytics platform is about to revolutionise automation and digitisation. With strategic partnerships, R&D, and new product improvement, Aereo is able to lead the worldwide drone options sector.
Uncover extra from sUAS Information – The Enterprise of Drones
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