Commercial drone solutions pioneer Aereo has successfully raised $15 million in its Series B funding round, spearheaded by 360 ONE Asset. The funding round also saw contributions from existing investors, including StartupXseed Ventures and Navam Capital.
Aereo previously attracted $6.44 million at a post-money valuation of $25.5 million from investors such as GrowX Ventures, StartupXseed Ventures, and Anicut Capital.
The new capital will be directed towards enhancing Aereo’s aerial intelligence solutions, particularly in capital asset management, as detailed in the company’s press release.
Established in 2013 by Vipul Singh and Suhas Banshiwala, Aereo operates primarily in the B2B sector, catering to high-tech, aerospace, maritime, and defence technology markets. The company has played a crucial role in several high-profile projects, including its partnership with Coal India Limited’s Digicoal initiative. Aereo provides essential business intelligence to major coal mines, helping to boost productivity. It has also been collaborating with Tata Steel since 2019, assisting in the digitalization of over 27 critical mines and stockyards.
Based in Bengaluru, Aereo has mapped over 45,000 villages under the SVAMITVA scheme and has covered more than 50,000 square kilometres for the Digital India Land Record Modernization Program (DILRMP).
In a competitive landscape that includes players like Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, and Dhaksha Unmanned Systems, Aereo continues to stand out for its innovative contributions to aerial intelligence and drone technology.
