The Drone/ UAV industry is expanding rapidly and hence the time is now to make use of its full potential. We thank the Eagle Group and our Angel Investors for believing in us and funding our enterprise.
A big Thankyou to VCCIRCLE (https://www.vccircle.com/eagle-group-angel-investors-back-drone-startup-droni-tech/)for writing about this news. We appreciate the feature. Sharing this article below by VCCIRCLE:
Eagle Group, angel investors back drone startup Droni Tech
Droni Tech, a Mumbai-based startup that offers drone hardware based on artificial intelligence, has raised $500,000 (Rs 3.54 crore) in its first seed funding from Eagle Group and angel investors, a statement said.
The funding comes just days after the central government announced norms to ensure drones do not pose a security threat. The rules will be effective from December.
Investor Eagle Group owns Eagle Security and Personal Services (ESPS), a platform for providing manned security services in India. Incorporated in 1980 and with a client base of over 500 customers, ESPS offer services across the country with a network of 25 branches.
With the recent fundraising, Droni Tech plans to drive research and development in Mumbai and the United States (US) and aims to ramp up growth through sales and marketing, the statement said.
“In 2018, we will focus our energies on a few priority markets like India, the US and Canada. In 2019, the company looks to expand beyond these markets globally,” said Onkar Bhosle, co-founder, Droni Tech (legal name: Drovation Software Solutions Pvt. Ltd).
Founded in March 2018 by Onkar Bhosle, Chirag Patel, Rohit Shirke and Anisha Bhosle, Droni Tech offers four AI-based drone hardware products for agriculture, medical emergency, food and supplies as well as surveillance. Onkar Bhosle earlier founded a Software-as-a-Service (SAAS) company, Customer360, which got acquired by Nasdaq-listed Interactive Intelligence in 2015. Onkar Bhosle, who has done masters in computer science from State University, New York, also co-founded another SAAS firm called Anveshan Technologies.
All drones of his current company Droni Tech are connected with proprietary sensor technology and come with management software developed by the company. Droni Tech’s indigenous software aims to assist corporates in managing, maintaining and monitoring their industrial drones through a single dashboard.
“Our vision is for drones to manage agriculture farms and other applications on their own, better than humans. Right now, each data point of flying drones is transmitted on dashboard in real time. In Phase-III of our product, we would enter the exciting phase of automated decision-making by the machine,” Onkar Bhosle said.
Deals in the space
Bengaluru-based drone maker Aarav Unmanned Systems in March raised an undisclosed amount in a pre-Series A round from GrowX Ventures, 500 Startups, and BellWether Advisors.
In 2017, drone operations management platform AirZaar raised $350,000 in seed funding led by New York-based venture capital firm Quake Capital.
In December last year, Delhi-based Meissa Technologies Pvt. Ltd, which operates drone startup WeDoSky, raised an undisclosed amount from Mumbai Angels Network.
Originally published at www.vccircle.com on August 31, 2018.
DRONITECH is a sub-brand of the parent company Drovation Software Solutions Pvt. Ltd. Drones are the need of the hour, this industry is expanding rapidly and the time is now to step into this field and make use of its full potential. Keeping this in mind we have started Droni Tech as a full services Drone/UAV company where we provide every end of the spectrum from flying training to services to manufacturing.
DRONITECH manufactures UAVs, develops software to compliment a wide variety of industrial applications. Our UAV technology is indigenously designed by the best of engineers to be compliant with UAV regulations and policies across the globe while being perfectly capable of working in the harshest of conditions.
DRONITECH also builds custom drones according to specific customer requirements, we also provide services related to Infrastructure, inspections, surveys, surveillance, and media.
Get in touch and we are sure to take you and your business up to the skies!