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Home Technology Drone software maker vHive raises $25 million

Drone software maker vHive raises $25 million

To enable enterprises to make decisions based on accurate field data, analytics, and insights, vHive, led by Yariv Geller, the CEO of the drone software maker provides Digital Twin software solutions, which accelerate enterprises’ continuous digital transformation

To enable enterprises to deploy autonomous drone hives to create Digital Twins of their assets, Herzliya, IL-based drone software maker vHive – provider of software solution, raised $25 million in Series-B funding.

With participation from Octopus Ventures and Telekom Innovation Pool, and DTCP, the round was led by PSG. Ronen Nir, Managing Director at PSG, in conjunction with the funding, joined the drone software maker’s board of directors.

The company intends to use the funds to:

  • Further accelerate the expansion of its global customer base
  • Scale up operations in key markets, as well as to enter new ones
  • Bolster its enterprise digitization platform market leadership and product offerings, which include autonomous drones, data analytics, computer vision, and AI
  • Accelerate the development of new solution capabilities for key markets

To enable enterprises to make decisions based on accurate field data, analytics, and insights, vHive, led by Yariv Geller, the CEO of the drone software maker provides Digital Twin software solutions, which accelerate enterprises’ continuous digital transformation. Its software solution enables enterprises to deploy autonomous drone hives for digitizing their field assets and operations, such as cell towers, cranes, and structures.

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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