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 traders 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 growth, 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, said, “This funding milestone allows us to develop 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 trade and create a worldwide footprint.”
Suhas Banshiwala, co-founder and CTO of Aereo, said, “Our imaginative and prescient is to repeatedly innovate drone manufacturing and knowledge analytics for the larger good. We’re excited concerning 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 associate for Coal India Restricted’s Digicoal initiative, Aereo gives essential 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 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 protecting greater than 50,000 sq. km of land space for the Digital India Land File Modernisation Program (DILRMP).
The Sequence 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 about to revolutionise automation and digitisation. With strategic partnerships, R&D, and new product growth, Aereo is able to lead the worldwide drone options sector.
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