Aereo Secures $15M Series B to Revolutionize Aerial Intelligence

Aereo, a leading drone-based business intelligence firm from India, has closed a $15 million Series B funding round led by 360 ONE Asset. Co-founders Vipul Singh and Suhas Banshiwala aim to utilize the funds for expanding their AI-powered drone solutions and setting a global footprint. Aereo has seen a 400% revenue growth and has been recognized by AIIB for their innovative solutions.

Aereo, India's leading drone-based business intelligence provider, has successfully closed a $15 million Series B funding round led by 360 ONE Asset. Long-standing investors StartupXseed Ventures and Navam Capital also participated.

Aereo offers solutions for managing large capital assets utilizing their proprietary drones and AI-powered data analytics platform. They cater to multiple sectors including mining, infrastructure, and urban development, contributing to their 400% revenue growth in the past two years.

Co-founders Vipul Singh and Suhas Banshiwala emphasized their vision of revolutionizing the $10 billion industry with the new funds, aiming for a global footprint. Recognized by AIIB as a top infra-tech organization, Aereo is a key technology partner for initiatives like Coal India Limited's Digicoal and Tata Steel, enhancing productivity and environmental compliance.

(With inputs from agencies.)