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Daily Markup #1095: Aereo lands additional US$1.8M Series B to expand internationally and drive drone tech innovations

October 13, 2024 · 1 min read
Photo credit: ISN

 Soaring higher

  • Following a US$15M Series B raise this year in July, 500-backed drone intelligence platform Aereo has landed an additional US$1.8M.
  • This round was led by JSW Ventures and will help the team further solidify their position as a leader in commercial drone solutions, and the team will be focusing on expanding their presence in international markets.
  • The company has achieved EBITDA profitability, and shared that the new funds will be used to accelerate growth while driving innovations in drone technology.
  • Vipul Singh, Co-founder & CEO, said, “We are thrilled to welcome JSW Ventures as a partner in our growth journey through this Series B round. With their expertise and shared vision, we are poised to scale new heights and expand our reach globally.”
  • Aereo offers cutting-edge drone technology and AI-powered data analytics to enhance asset management solutions, specializing in sectors including mining, infrastructure, urban development, and land records.
  • They have a robust intellectual property (IP) portfolio encompassing advance drone hardware, design, and predictive flight planning technologies.
  • Congratulations to the Aereo team!
  • Read the full story on Entrepreneur.
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