Aereo, a startup specializing in commercial drone solutions, has successfully raised $15 million in its Series B funding round, with 360 ONE Asset leading the investment. Existing investors, including StartupXseed Ventures and Navam Capital, also participated in this round. Previously, Aereo secured $6.44 million in funding at a post-money valuation of $25.5 million from investors such as GrowX Ventures, StartupXseed Ventures, and Anicut Capital, among others.
The new funding will be directed towards enhancing Aereo’s aerial intelligence solutions for capital asset management, as stated in the company’s press release. Founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo operates within the B2B sector, focusing on high-tech, aerospace, maritime, and defense technology markets.
Aereo has been involved in Coal India Limited’s Digicoal initiative, providing essential business intelligence to optimize productivity in some of the world’s largest coal mines. The company has also been collaborating with Tata Steel since 2019, assisting in the digitalization of over 27 key mines and stockyards.
Based in Bengaluru, Aereo reports that it has mapped more than 45,000 villages under the SVAMITVA scheme and covered over 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP).
