Aereo Raises $15 Million in Series B Round Led by 360 ONE Asset
Aereo, a pioneering commercial drone solutions startup, has successfully secured $15 million in its Series B funding round, with 360 ONE Asset leading the investment. This round also saw participation from StartupXseed Ventures and Navam Capital, both existing investors in the company.

Aereo, a pioneering commercial drone solutions startup, has successfully secured $15 million in its Series B funding round, with 360 ONE Asset leading the investment. This round also saw participation from StartupXseed Ventures and Navam Capital, both existing investors in the company.
This recent infusion of capital follows an earlier funding round where Aereo raised $6.44 million at a post-money valuation of $25.5 million. This previous round saw investments from GrowX Ventures, StartupXseed Ventures, Anicut Capital, and several other backers.
In a press release, Aereo announced that the new funds would be used to enhance its aerial intelligence solutions for capital asset management. Co-founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo operates primarily in the B2B sector, providing services to high-tech, aerospace, maritime, and defense technology market segments.
Aereo has positioned itself as a significant player in various initiatives, including Coal India Limited’s Digicoal project. The company provides crucial business intelligence for some of the world's largest coal mines, aiming to boost productivity. Since 2019, Aereo has also been collaborating with Tata Steel, assisting in the digitalization of over 27 critical mines and stockyards.
Based in Bengaluru, Aereo has also made substantial progress in government projects. Under the SVAMITVA scheme, the company has mapped over 45,000 villages and covered more than 50,000 square kilometers of land for the Digital India Land Record Modernization Program (DILRMP).
Operating in a competitive landscape, Aereo faces notable rivals such as Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, and Dhaksha Unmanned Systems. Despite this competition, Aereo continues to stand out due to its comprehensive and innovative approach to aerial intelligence and asset management.
The new investment will enable Aereo to further develop its technology and expand its market reach. The company is focused on leveraging these funds to enhance its capabilities and deliver even more value to its clients across various sectors. By continuously innovating and adapting to the needs of its clients, Aereo aims to maintain its leadership position in the industry.
Aereo’s involvement in projects like Coal India Limited’s Digicoal and its collaboration with Tata Steel highlight its ability to handle large-scale, complex operations. The company’s work in the government sector, particularly in initiatives like SVAMITVA and DILRMP, underscores its commitment to contributing to national development goals.
With this fresh round of funding, Aereo is poised to take significant strides in expanding its aerial intelligence solutions, ensuring it remains at the forefront of the drone technology industry. The company's ongoing projects and future endeavors will likely continue to set benchmarks in the field of commercial drone applications.