vHive Raises $25 Million in Collection B

Drone ecosystem funding: main Digital Twin platform vHive Raises $25 Million in Collection B Led by PSG

Israeli-based vHive provides a software program answer for Digital Twins and different important insights.  The platform permits business, off-the-shelf (COTS) drones to fly autonomously round belongings, leading to a exact and repeatable information set.

The corporate has a robust buyer base in telecom and different massive multi-national industries: with this new infusion of $25 million in Collection B funding, vHive will work to each develop their answer providing for his or her clients and develop into new markets.

“We’re going to proceed to spend money on increasing our choices for our current buyer base, in addition to scale our operations to extend our market attain,” says Yariv Geller, CEO and Co-Founding father of vHive.

The funding spherical is led by PSG, a number one progress fairness agency partnering with software program and technology-enabled companies corporations to assist speed up their progress. Earlier buyers Octopus Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic funding fund suggested by DTCP, additionally participated within the spherical. Ronen Nir, Managing Director at PSG, has joined vHive’s board of administrators.

“vHive’s software program platform is constructed with its clients’ journey in thoughts, offering end-to-end options that allow organizations to autonomously seize information utilizing drones to create Digital Twins of their belongings, corresponding to cell towers, cranes, and buildings,” says the corporate press launch. “Its AI and pc imaginative and prescient algorithms have been constructed on complete information and hands-on area expertise with world top-tier clients to ship efficiency and capabilities that vHive believes are arduous for others to duplicate. The corporate believes its means to attach the bodily and the digital world gives enterprises with a brand new approach to digitally remodel their area belongings, visually entry data, and quickly attain actionable enterprise insights.”

“We imagine vHive has constructed one of many trade’s most superior and complete digitization options, and we’re excited to hunt to duplicate our success within the telecom and crane markets in new market verticals,” mentioned Geller. “We’re thrilled to associate with seasoned buyers who share a typical imaginative and prescient to advance the corporate’s mission, prolong its attain, and scale its buyer base.”

“vHive’s options for capturing and digitizing bodily belongings have enabled the corporate to construct a repute as a robust associate of alternative for top-tier enterprises going by way of digital transformation – a worldwide pattern that’s sweeping by way of a number of industries. Its clients can expertise measurable success utilizing vHive’s answer, impacting their operations and workflows,” mentioned Nir. “We’ve got been impressed with the corporate’s speedy progress and are excited to propel it to the subsequent degree.”

Learn extra about latest drone trade funding:

Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and a fascinated observer of the rising drone trade and the regulatory surroundings for drones. Miriam has penned over 3,000 articles centered on the business drone area and is a world speaker and acknowledged determine within the trade.  Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand spanking new applied sciences.
For drone trade consulting or writing, Electronic mail Miriam.

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