Aereo Secures $15 Million Series B Funding Led by 360 ONE Asset
Slice of Real Estate Team
07/23/2024
Key Highlights:
- $15 million Series B funding round led by 360 ONE Asset.
- Participation from StartupXseed Ventures and Navam Capital.
- 400% revenue growth in the last two years.
- Recognized by AIIB as a top infra-tech organization.
- Key technology partner for Coal India Limited's Digicoal initiative.
Source (PR Newswire)
Quotes
“ "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 revolutionize this $10 billion industry and create a global footprint." ”
Vipul Singh, Co-Founder & CEO at Aereo
Our Take:
Aereo's recent $15 million Series B funding round marks a significant milestone in the drone-based business intelligence sector. With the backing of major investors like 360 ONE Asset, Aereo is poised to leverage its advanced AI-powered drone technology to further revolutionize capital asset management. The company's impressive 400% revenue growth over the past two years, coupled with strategic partnerships with industry giants like Coal India Limited and Tata Steel, underscores its market leadership and innovative capabilities. As Aereo continues to expand its global footprint and invest in R&D, it is well-positioned to drive significant advancements in automation and digitization within the $10 billion drone solutions industry.
