Photo credit: ISN

 Soaring higher

• Following a US$15M Series B raise this year in July, 500-backed drone intelligence platform Aereo has landed an additional US$1.8M.
• This round was led by JSW Ventures and will help the team further solidify their position as a leader in commercial drone solutions, and the team will be focusing on expanding their presence in international markets.
• The company has achieved EBITDA profitability, and shared that the new funds will be used to accelerate growth while driving innovations in drone technology.
• Vipul Singh, Co-founder & CEO, said, “We are thrilled to welcome JSW Ventures as a partner in our growth journey through this Series B round. With their expertise and shared vision, we are poised to scale new heights and expand our reach globally.”
• Aereo offers cutting-edge drone technology and AI-powered data analytics to enhance asset management solutions, specializing in sectors including mining, infrastructure, urban development, and land records.
• They have a robust intellectual property (IP) portfolio encompassing advance drone hardware, design, and predictive flight planning technologies.
• Congratulations to the Aereo team!
• Read the full story on Entrepreneur.