Aereo, a leading aerial intelligence platform based in Bengaluru, has announced an additional $1.8 million investment in its ongoing Series B funding round. The funding was led by JSW Ventures, with participation from existing investors 360 ONE Asset, StartupXseed Ventures, and Navam Capital. This latest infusion of capital comes on top of the $15 million raised earlier this year.
Founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo specializes in leveraging advanced drone technology and AI-driven data analytics to revolutionize asset management across various sectors including mining, infrastructure, and urban development. The company offers a range of services such as inventory assessments, quality inspections, and land record digitization.
According to a press release, the newly secured funds will be instrumental in strengthening Aereo’s market position and expanding its footprint in international markets. The company has already made significant strides in executing large-scale government projects, mapping over 45,000 villages as part of the SVAMITVA scheme and covering more than 50,000 square kilometers under the Digital India Land Record Modernization Program (DILRMP). Aereo has also achieved profitability at the EBITDA level, highlighting its sustainable growth trajectory.
Aereo places a strong emphasis on innovation, boasting a portfolio of 15 patents that encompass advancements in drone hardware, design, and predictive flight planning technologies. The company’s commitment to intellectual property underscores its competitive edge in a rapidly evolving market landscape.
With this latest funding round, Aereo aims to consolidate its leadership in commercial drone solutions while continuing to innovate in drone technology and expand its service offerings globally.
In the competitive arena of drone technology and aerial intelligence, Aereo faces competition from companies such as Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, and Dhaksha Unmanned Systems. However, Aereo’s focus on technological innovation and its proven track record in executing large-scale projects position it strongly in the market.
As Aereo prepares for its next phase of growth, the company remains committed to driving advancements in aerial intelligence and expanding its capabilities to meet the evolving needs of its diverse clientele.
