Aereo, a startup specializing in commercial drone solutions, has secured $15 million in a Series B funding round.

Bengaluru-based drone startup Aereo has successfully raised $15 million in a Series B funding round led by 360 ONE Asset, with participation from existing investors Startup seed Ventures and Navam Capital. Vipul Singh, Aereo's co-founder and CEO, expressed that this funding will enable the company to enhance its aerial intelligence solutions for capital asset management. He emphasized that with their proprietary drone technology and the new partnership with 360 ONE Asset, Aereo aims to transform the $10 billion industry and expand its global presence.

Suhas Banshiwala, the co-founder and CTO of Aereo, highlighted their commitment to innovating drone manufacturing and data analytics. He noted the strong support from customers and shareholders and mentioned that the company is preparing for significant advancements.

Founded in 2013 at IIT Kanpur by Suhas Banshiwala and Vipul Singh, Aereo provides business intelligence solutions using proprietary drones and an AI-powered data analytics platform to manage large capital assets. Their industry-specific solutions have led to a 400% revenue growth over the past two years, establishing market dominance.

Aereo is a key technology partner in Coal India Limited's Digicoal initiative, offering crucial business intelligence to enhance productivity, efficiency, safety, and environmental compliance in some of the world's largest coal mines. The startup has also collaborated with Tata Steel since 2019, digitalizing over 27 critical mines and stockyards. Furthermore, Aereo has significantly contributed to the Digital India Land Record Modernization Program (DILRMP) by mapping over 45,000 villages and covering more than 50,000 square kilometers of land.