Geospatial tech startup Heliware has raised a total of Rs 7 crore in pre-Series A round co-led by JITO Angel Network promoted by JITO Incubation and Innovation Foundation, TIE and Amit Engineers.
The company plans to utilise the funds to expand the tech team and business sector, Heliware said in a press release.
Founded by Rajan Srivastav, Heliware is an advanced technology which is being used for mapping and analytics purposes. Its patented technology stack can be used by any company for creating personalised analytics software and dashboards using their data through a heliware engine for real time data analysis. This technology has applications in real time management in construction, defence, logistics, energy, and a host of other applications. The company’s USP includes highly specialised SDK and APIs built with the scalable model, indigenous algorithms for advanced tiling, and base map independence.
Heliware says that it serves various industries, including renewable, retails & supply chain, mining, construction, and defence. As per the company, its team has grown from 25 to 65, clients have increased from 30 to 60, order booking has increased by 200% and revenue has risen by 106 percent (YoY).
Heliware claims to have partnered with technological firms including GfK in Southeast Asia and Echo Analytics in the European region, to enhance its technology and expand its reach.