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 massive capital property utilizing proprietary drones and an AI-powered knowledge analytics platform. Their sector-specific options cater to mining, infrastructure, city and rural improvement, land information, 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, 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 goal to revolutionise this $10 billion business and create a world footprint.”
Suhas Banshiwala, co-founder and CTO of Aereo, acknowledged, “Our imaginative and prescient is to repeatedly innovate drone manufacturing and knowledge analytics for the better good. We’re excited concerning the confidence our prospects 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 accomplice for Coal India Restricted’s Digicoal initiative, Aereo gives crucial enterprise intelligence for a number of 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 File Modernisation Program (DILRMP).
The Collection B funding serves as a robust catalyst for Aereo’s progress, with a key deal with automation. Their AI-powered drone knowledge 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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