Asteria Aerospace Raises Funds from Luxembourg-based Boundary Holding

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    • March 12, 2019 at 4:24 am #29596
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        #News(Startup) [ via IoTForIndiaGroup ]

        Bangalore-based Asteria Aerospace, a robotics and artificial intelligence (AI) powered and Drone-based aerial data solution startup, has raised an undisclosed amount of funding from Boundary Holding, a Luxembourg-based fund of funds.

        The funding is a part of an event ‘FutureTech’ that was organized by a partnership between the British High Commission and India’s NITI Aayog, to fastrack funds for Indian startups.

        Founded in 2011, by Nihar Vartak and Neel Mehta, Asteria uses robotics and AI to develop drone based solutions to provide actionable intelligence from aerial data. The solutions that startup offers are available to varied sectors including armed forces, indsutrial uses, gas, mining, construction and agriculture as well.

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