[Funding News] Drone Startup Aereo Raises $15 Mn Funding Round from 360 ONE Asset

Aereo, previously known as Aarav Unmanned Systems, has successfully concluded its Series B investment round at a total of $15 million. The most recent round of funding was primarily provided by 360 ONE Asset.

StartupXseed Ventures and Navam Capital also participated in the financing.

The infusion of Series B funding will facilitate Aereo's expansion, with a primary emphasis on using automation. The AI-driven drone data analytics platform seeks to transform automation and digitization. Aereo's objective is to dominate the worldwide drone solutions industry through strategic alliances, research and development, and the creation of new products.

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AUS, now known as Aereo, specialises in the production of high-quality drones and offers drone-based solutions for several industries like mining, infrastructure, urban planning, irrigation, energy, and agriculture.

Aereo provides business intelligence solutions for the management of substantial capital assets through the use of exclusive drones and a data analytics platform powered by artificial intelligence. The company's specialised solutions are tailored to meet the needs of industries such as mining, infrastructure, urban and rural development, and land records. According to the brand, this strategy has led to a 400% increase in revenue over the last two years and established a dominant position in the market.

Vipul Singh, cofounder and CEO of Aereo, said: “This funding milestone enables us to expand our aerial intelligence solutions for capital asset management. With our proprietary drone tech and 360 ONE Asset’s partnership, we aim to revolutionise this $10 Bn industry and create a global footprint,”

About Aereo

Founded in 2013 by Vipul Singh, Aereo is the trailblazer in India's integrated drone solutions landscape. Formerly known as Aarav Unmanned Systems, Aereo was founded in 2013 by Vipul Singh and Suhas Bansiwala in the research labs of IIT Kanpur.

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