VC Fund Investments
Drone-tech startup Aereo raises addl $1.8 M in Series B
Bengaluru-based aerial intelligence platform Aereo (Aarav Unmanned Systems Pvt Ltd) has raised USD 1.8 million as part of its Series B funding round led by JSW Ventures.Aereo had earlier raised USD 15 million in the same funding round led by 360 ONE with participation from existing investors StartupXseed Ventures and Navam Capital in July this year.The fresh funds will be used to strengthen its position in providing commercial drone solutions and accelerating its growth into international markets.Co-founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo leverages drone technology in sectors such as mining, infrastructure, urban and rural development, and land records. The company’s offerings include inventory assessments, quality inspections, and land record digitization.The company claims to have executed large-scale government projects, mapping over 45,000 villages covering more than 50,000 sq kms for the Digital India Land Record Modernization Program (DILRMP). It also claims to have achieved profitability at the EBITDA level.
Between Feb 2016 and Jun 2024, Aereo had raised about USD 18.48 M from 360 One, Navam Capital, StartupXseed Ventures, Anicut Capital, Auxano, SiriusOne Capital, 3ONE4 Capital and StartupXseed Ventures.
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