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Aerial intelligence platform Aereo raises $1.8 million as part of Series B round

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  • Funding Success: Aereo, an aerial intelligence platform based in Bengaluru, has raised an additional $1.8 million in a Series B funding round led by JSW Ventures, following a previous $15 million investment in July.

  • Growth Strategy: The company plans to utilize the new funds to enhance its commercial drone solutions and expand into international markets, aiming for accelerated global growth.

  • Innovative Technology: Established in 2013, Aereo leverages drone technology and AI-driven analytics to transform asset management across sectors such as mining, infrastructure, and urban development, offering services like inventory assessments and land record digitization.

  • Government Collaboration: Aereo has significantly contributed to government initiatives, including mapping over 45,000 villages under the SVAMITVA scheme and supporting the Digital India Land Record Modernization Program.

  • Expansion and Patents: The company emphasizes intellectual property, holding 15 patents related to drone technology, and plans to enter key international markets including Australia, Brazil, and Africa, as it aims to capitalize on the rapidly growing global drone industry.

Bengaluru-based aerial intelligence platform Aereo has raised an additional $1.8 million as part of its Series B funding round led by JSW Ventures.

The latest investment comes two months after the startup raised $15 million in July led by 360 ONE Asset, with participation from other existing investors, including StartupXseed Ventures and Navam Capital.

Purpose of fundraising

Aereo plans to use the raised capital to strengthen its commercial drone solutions and support its expansion into international markets to accelerate its global growth strategy.

“We are thrilled to welcome JSW Ventures as a partner in our growth journey through this Series B round. Their trust and support are a strong testament to our innovative approach and our mission to transform asset management through drone technology. With JSW Ventures’ expertise and shared vision, we are poised to scale new heights and expand our reach globally,” said Vipul Singh, Co-founder and CEO of Aereo. 

Focusing on drone and AI technology

Founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo leverages advanced drone technology and AI-driven data analytics to enhance asset management. The startup’s services cater to sectors such as mining, infrastructure, urban and rural development, and land records.

It offers a range of services, including inventory assessments, quality inspections, and land record digitization. By leveraging advanced drone capabilities and artificial intelligence, Aereo seeks to provide innovative solutions that improve the efficiency and accuracy of asset management across various industries.

Major government projects and achievements

The startup claims to have played a significant role in the Indian government’s SVAMITVA scheme, mapping over 45,000 villages and has also covered more than 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP).

Sachin Tagra, Managing Partner at JSW Ventures, said, “The DroneTech space has experienced tremendous growth in recent years, driven by government initiatives such as the Drone Regulations of 2021 and rapid technological advancements. We believe that Aereo is at the forefront of this transformation, and we are excited to support them as they expand into new markets and continue to innovate in aerial intelligence solutions.”

Intellectual property and market expansion

Aereo places significant emphasis on intellectual property, having filed 15 patents related to drone hardware, design, and predictive flight planning technologies.

As part of its expansion strategy, the startup plans to enter key international markets, including Australia, Brazil, and Africa.

The global drone industry is projected to grow at a compound annual growth rate (CAGR) of 20%, reaching $51.4 billion by 2027. Aereo aims to capitalize on this growing opportunity, particularly in the enterprise segment.


Here’s a summary of the funds, investors, startup, founders, and fundraising series mentioned in the provided content:

Startup Details:

  • Name: Aereo
  • Location: Bengaluru, India
  • Founded: 2013
  • Founders:
    • Vipul Singh (Co-founder and CEO)
    • Suhas Banshiwala

Fundraising Series:

  • Series: Series B
  • Total Amount Raised in Series B:
    • First Round: $15 million (July)
    • Additional Round: $1.8 million (latest)

Investors:

  1. Lead Investor for Additional Round:
    • JSW Ventures
  2. Previous Round Investors:
    • 360 ONE Asset (Lead investor for first round in July)
    • StartupXseed Ventures
    • Navam Capital

Purpose of Fundraising:

  • Strengthening commercial drone solutions.
  • Expansion into international markets to accelerate global growth strategy.

Major Achievements:

  • Played a significant role in the Indian government’s SVAMITVA scheme, mapping over 45,000 villages.
  • Covered over 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP).

Intellectual Property:

  • Filed 15 patents related to drone hardware, design, and predictive flight planning technologies.

Expansion Plans:

  • Targeting international markets, including Australia, Brazil, and Africa.

This information encapsulates the key details about Aereo, its funding rounds, investors, and goals.

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