vHive Raises $25 Million in Collection B Led by PSG | sUAS Information

 vHive, a software program answer that allows enterprises to deploy autonomous drone hives to create Digital Twins of their property, introduced right this moment that it has secured $25 million in Collection B funding. The funding spherical is led by PSG, a number one development fairness agency partnering with software program and technology-enabled providers corporations to assist speed up their development. 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 property, equivalent to cell towers, cranes, and constructions. 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 laborious for others to copy. The corporate believes its means to attach the bodily and the digital world offers enterprises with a brand new method to digitally rework their area property, visually entry data, and quickly attain actionable enterprise insights.

PSG’s funding in vHive goals to additional speed up the corporate’s growth of its world buyer base and allow the corporate to scale up operations in key markets, in addition to to enter new ones. The funding can be supposed to assist bolster vHive’s enterprise digitization platform market management and product choices, which embrace autonomous drones, information analytics, pc imaginative and prescient, and AI, and gasoline the event of recent answer capabilities for key markets.

“We imagine vHive has constructed one of many business’s most superior and complete digitization options, and we’re excited to hunt to copy our success within the telecom and crane markets in new market verticals,” stated Yariv Geller, CEO and Co-Founding father of vHive. “We’re thrilled to associate with seasoned buyers who share a standard imaginative and prescient to advance the corporate’s mission, lengthen its attain, and scale its buyer base.”

“vHive’s options for capturing and digitizing bodily property have enabled the corporate to construct a fame as a robust associate of selection for top-tier enterprises going by digital transformation – a worldwide development that’s sweeping by a number of industries. Its clients can expertise measurable success utilizing vHive’s answer, impacting their operations and workflows,” stated Nir. “Now we have been impressed with the corporate’s fast development and are excited to propel it to the following stage.”

About vHive

vHive is a worldwide chief of Digital Twin software program options. vHive accelerates enterprises’ steady digital transformation, enabling them to make higher choices primarily based on correct area information, analytics, and insights. vHive is a number one software program answer that allows enterprises to deploy autonomous drone hives to digitize their area property and operations. vHive is making an affect in quite a lot of industries by in search of to dramatically lower operational prices, generate new income alternatives and enhance worker security. Study extra at www.vHive.ai.

About PSG

PSG is a development fairness agency that companions with software program and technology-enabled providers corporations to assist them navigate transformational development, capitalize on strategic alternatives and construct sturdy groups. Having backed greater than 95 corporations and facilitated over 375 add-on acquisitions, PSG brings intensive funding expertise, deep experience in software program and expertise and a agency dedication to collaborating with administration groups. Based in 2014, PSG operates out of workplaces in Boston, Kansas Metropolis, London, Paris, Madrid and Tel-Aviv. To be taught extra about PSG, go to www.psgequity.com.