Aerodyne plans to use the funding to focus on hiring talent globally and data technology advancement besides continuing to expand into its key global markets such as Europe, Middle East, Japan, the U.S., and Latin America
FREMONT, CA: Aerodyne, the drone-powered asset management solutions provider added Arc Ventures, Leave a Nest, and North Summit Capital as its key strategic investors and partners in the second round of Series B funding. This amalgamation will support Aerodyne in its plan to enter new APAC markets such as India, Japan, and China.
Aerodyne plans to use the funding to focus on hiring talent globally and data technology advancement besides continuing to expand into its key global markets such as Europe, Middle East, Japan, the U.S., and Latin America.
The startup said that the partnerships with the VC firms operated in respective countries are in line with the company's global expansion strategy of investing profoundly in data technology advancement.
Partnering with North Summit Capital in China, Aerodyne can penetrate the market and extend its technological edge in China. Dr. Wanli Min, who previously was the Vice President and Chief Machine Intelligence Scientist of Alibaba Cloud, is the founder of North Summit Capital.
Partnering with the VC will help Aerodyne in deepening its AI-enabled automation and machine learning capabilities into offerings and current solutions, DT^2, cloud computing ecosystem, as well as accelerate research and development iterations and resolve service efficiency challenges.
Apart from this, Aerodyne has already expanded to Japan and South Korea through its previous investors and is strengthening its position in Japan through a partnership with Leave a Nest. It is a body that connects research institutes, startups, and companies to explore new frontiers or create new businesses.
Malaysia Digital Economy Corporation (MDEC) 's CEO, Surina Shukri applauded Aerodyne, a member of MDEC's GAIN Programme, for being a commendable domestic tech firm that is capable of deploying state-of-the-art drone-based solutions across measureless industrial sectors all over the world.
"This latest expansion into China and India is a momentous achievement for not only the organisation but the nation as a whole," said Surina.