Delhi-based drone startup WeDoSky has raised its first round of investment from Mumbai Angels Network, after bootstrapping for over two years.
The funds will be used for the global expansion of ‘visualAI’ and to integrate solutions for agriculture, infrastructure, and insurance industries after successfully assisting leading organizations in India.
Founded in 2014, WeDoSky is working on technologies to make smart cities a reality. Its business model is mapped across two major components: WeDoSky (UAV as a service) and visualAI (SaaS).
With the help of technologies like Unmanned Aerial Systems (UAS), Geographic Information System (GIS), Computer Vision they are able to provide solutions to major problems like irrigation, power lines set up, solar power capability prediction etc.
“We are excited to be associating with leaders like Ishan Singh and Mumbai Angels Network to catapult WeDoSky’s growth.. We are glad to be providing services that can eradicate inefficiency from growing sectors of Data Science and Drone imagery. We are charged to be the front-runners in initiating a change from experience driven decision making to data driven decisions,” said Jaspreet Makkar, Founder, WeDoSky.
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Apart from offering geographic monitoring and mapping; surveillance etc. it is using visual data processing algorithms to assist the municipal bodies in rural & urban planning.
The startup which has been featured in “Forbes 30 under 30” under Enterprise Technology category counts Adani Enterprises, Tata Power, PropTiger, CommonFloor, NDTV, Azure Power, and ACC Cement amongst its clients.
In November, Aviation ministry announced that India is set to launch its first drone policy by December end. It will also include the usage of drones for commercial purposes.
Following the announcement, the Directorate General of Civil Aviation (DGCA) will place the draft rules on its website this week and seek comments from the public.