Aereo, India’s main drone-based enterprise intelligence supplier, has efficiently closed a USD 15 million Collection 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 knowledge 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 progress within the final two years and market dominance.
Vipul Singh, co-founder and CEO of Aereo, said, “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 purpose to revolutionise this $10 billion business and create a worldwide footprint.”
Suhas Banshiwala, co-founder and CTO of Aereo, said, “Our imaginative and prescient is to constantly innovate drone manufacturing and knowledge analytics for the better 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 prime three infra-tech organisations. As a know-how accomplice for Coal India Restricted’s Digicoal initiative, Aereo offers essential enterprise intelligence for among the world’s largest coal mines for bettering productiveness, effectivity, security, and environmental compliance. It has additionally been empanelled with Tata Metal since 2019, aiding the digitalisation of over 27 essential mines and stockyards. Over the previous three years, Aereo has achieved vital milestones, together with mapping over 45,000 villages below the SVAMITVA scheme and overlaying greater than 50,000 sq. km of land space for the Digital India Land Report Modernisation Program (DILRMP).
The Collection B funding serves as a robust catalyst for Aereo’s progress, with a key concentrate on automation. Their AI-powered drone knowledge analytics platform is ready to revolutionise automation and digitisation. With strategic partnerships, R&D, and new product improvement, Aereo is able to lead the worldwide drone options sector.
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