Aereo, a leading Indian provider of drone-based business intelligence solutions, has successfully secured $15 million in a Series B funding round. This investment, led by 360 ONE Asset, will fuel Aereo’s mission to become a global leader in the drone solutions sector.
Aereo’s innovative approach utilizes proprietary drone technology and AI-powered data analytics to deliver valuable insights for managing large capital assets. Specializing in industries like mining, infrastructure, and land management, Aereo has witnessed a remarkable 400% revenue growth in the past two years.
“This funding milestone empowers us to expand our aerial intelligence solutions for capital asset management,” said Vipul Singh, Aereo’s co-founder and CEO. “Our partnership with 360 ONE Asset, combined with our cutting-edge drone technology, positions us to revolutionize the $10 billion drone solutions industry and establish a global presence.”
A Vision for Innovation and Impact
Aereo’s commitment to innovation extends beyond just hardware. Suhas Banshiwala, co-founder and CTO, emphasizes, “Our vision is to continuously develop drone manufacturing and data analytics for the greater good. The confidence shown by our customers and investors motivates us to push boundaries and achieve an orbital shift in this field.”
A recognized leader in infrastructure technology, Aereo has garnered recognition from the Asian Infrastructure Investment Bank (AIIB). They have also played a crucial role in major projects like Coal India’s Digicoal initiative and Tata Steel’s mine digitalization efforts.
Taking Flight: Growth and Global Leadership
The Series B funding serves as a catalyst for Aereo’s ambitious growth plans. With a focus on automation, their AI-powered platform is poised to revolutionize data analysis within the drone solutions sector. Additionally, strategic partnerships, research and development, and new product development will solidify Aereo’s position as a global leader.
Aereo’s success story resonates beyond the company itself. “We’re thrilled with the momentum in India’s commercial drone tech sector,” said Karan Ahuja, Fund Manager at 360 ONE. “Our partnership with Aereo reflects our belief in their cutting-edge solutions, and we’re excited to see them go global.”
The Future of Drones is Bright
Aereo’s journey exemplifies the immense potential of drone technology. Their data-driven solutions are not only transforming industries but also creating a positive impact on infrastructure development and environmental monitoring. With continued innovation and strategic partnerships, Aereo is well on its way to becoming a global leader in the exciting world of drone solutions.
Editor’s Note: If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
