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Daily Markup #1037: Aereo lands US$15M Series B to automate drone intelligence solutions for high-tech sectors like aerospace, maritime, and defense

July 25, 2024 · 2 min read
Photo credit: Aereo

Soaring to new heights

  • Congratulations to 500-backed drone intelligence company Aereo for raising a US$15M Series B! The round was led by 360 ONE Asset, with participation from StartupXseed Ventures and Navam Capital.
  • Aereo shared that the fresh funds will fuel their growth, with a key focus on automation. The team’s AI-powered drone data analytics platform aims to revolutionize automation and digitization.
  • Founded in 2013, Aereo develops commercial-grade drones and provides drone-based solutions for enterprise applications for specific sectors such as mining, infrastructure, urban planning, irrigation, energy, and agriculture.
  • They offer business intelligence solutions to manage large capital assets using proprietary drones and an AI-powered data analytics platform. Aereo shared that their approach has resulted in a 400% revenue growth over the past two years and established market dominance.
  • Aereo aims to be a leader in global drone solutions by leveraging strategic partnerships, R&D, and new product development.
  • “This funding milestone enables us to expand our aerial intelligence solutions for capital asset management. With our proprietary drone tech and 360 ONE Asset’s partnership, we aim to revolutionize this $10 Bn industry and create a global footprint,” shared Vipul Singh, Co-founder & CEO.
  • Co-founder & CTO Suhas Banshiwala added, “Our vision is to continuously innovate drone manufacturing and data analytics for the greater good.”
  • Read the full story on Entrepreneur.
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