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- Aereo Secures $15 Million Series B Funding Led by 360 ONE Asset
Aereo Secures $15 Million Series B Funding Led by 360 ONE Asset
Slice of Real Estate Team
July 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)
Notable 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."
"Our vision is to continuously innovate drone manufacturing and data analytics for the greater good. We are excited about the confidence our customers and shareholders have shown and are gearing up for an orbital shift."
"We're thrilled with the momentum in the commercial drone tech sector in India. Our partnership with Aereo reflects our belief in their cutting-edge innovations, and we're excited for their solutions to go global."
"Aereo has been a trailblazer from the start, delivering exceptional solutions and building the drone ecosystem. We're excited to support them in their next major growth phase."
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.