Aereo, India’s leading drone-based business intelligence provider, has successfully closed a $15 million Series B funding round led by 360 ONE Asset. Long-standing investors StartupXseed Ventures and Navam Capital also participated.
Aereo offers solutions for managing large capital assets utilizing their proprietary drones and AI-powered data analytics platform. They cater to multiple sectors including mining, infrastructure, and urban development, contributing to their 400% revenue growth in the past two years.
Co-founders Vipul Singh and Suhas Banshiwala emphasized their vision of revolutionizing the $10 billion industry with the new funds, aiming for a global footprint. Recognized by AIIB as a top infra-tech organization, Aereo is a key technology partner for initiatives like Coal India Limited’s Digicoal and Tata Steel, enhancing productivity and environmental compliance.
