Drone solution startup aereo has secured $15 million in a Series B funding round led by 360 ONE Asset. The round also witnessed participation from its existing investors StartupXseed Ventures and Navam Capital. The company had previously raised $6.44 million at post money valuation of $25.5 million from Startupxseed Ventures , GrowX Ventures, Anicut Capital and others.

Company said in a press release that , “The new procedding will be used to expand its aerial intelligence solutions for capital asset management”.

The company was founded in 2013 by by Vipul Singh and Suhas Banshiwala. Aereo serves in the B2B space in the high tech, aerospace, maritime and defense tech market segments.

According to company, it has been a partner for Coal India Limited’s Digicoal initiative, and provides critical business intelligence for some of the world’s largest coal mines for improving productivity. It has also been collaborating with Tata Steel since 2019, aiding the digitalisation of over 27 critical mines and stockyards.

Company claims that it has mapped over 45,000 villages under the SVAMITVA scheme and covered more than 50,000 sq. km of land area for the Digital India Land Record Modernization Program (DILRMP).

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