Aereo Secures $1.8 Million in Series B Funding
Bangalore, India – Industry-leading aerial intelligence platform Aereo has announced that it has secured $1.8 million in its Series B funding round, led by JSW Ventures. This investment brings Aereo’s total funding to $16.8 million, following its Series B round in July this year, which saw $15 million in investments from 360 ONE Asset, StartupXseed Ventures, and existing investors Navam Capital.
The fresh funds will be used by Aereo to strengthen its position in the commercial drone solutions market and accelerate its growth into international markets. The company plans to leverage its advanced drone technology and AI-driven data analytics to expand its reach and offerings in sectors such as mining, infrastructure, urban and rural development, and land records.
Founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo has established itself as a leader in the aerial intelligence space, with a strong focus on intellectual property. The company has filed 15 patents covering advancements in drone hardware, design, and predictive flight planning technologies.
Aereo has a string of impressive achievements to its credit, including executing large-scale government projects. The company has mapped over 45,000 villages under the SVAMITVA scheme and covered more than 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP). Notably, Aereo has achieved profitability at the EBITDA level.
With its innovative solutions and strong track record, Aereo is well-positioned to compete with other industry players such as Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, Dhaksha Unmanned Systems, and others.
About Aereo
Aereo is a Bangalore-based company that leverages advanced drone technology and AI-driven data analytics to enhance asset management in various sectors. The company’s comprehensive offerings include inventory assessments, quality inspections, and land record digitization.
