Aerial intelligence platform Aereo has secured an additional $1.8 million in its ongoing Series B funding round, with the latest investment led by JSW Ventures.
Earlier this year, Aereo had raised $15 million funding in the same round, with 360 ONE Asset spearheading the investment alongside existing backers StartupXseed Ventures and Navam Capital.
The newly acquired funding will support Aereo’s mission to enhance its commercial drone solutions and expand into global markets, the company announced in a statement.
About Aereo
Founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo uses advanced drone technology and AI-powered data analytics to revolutionize asset management in industries like mining, infrastructure, urban development, and land records. Its services include inventory assessments, quality inspections, and land record digitization.
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Company Achievements
Based in Bengaluru, Aereo has played a pivotal role in significant government projects, including mapping over 45,000 villages under the SVAMITVA scheme and covering more than 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP). The company also announced achieving EBITDA-level profitability.
Aereo has filed 15 patents related to drone hardware, design, and predictive flight planning technologies. However, it faces competition from industry players like Skylark Drones, IdeaForge, Garuda Aerospace, and others as it continues to scale its operations.
