vHive raises £4.5m in Series A funding
vHive, the only software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives, announced today a £4.45m investment led by Octopus Ventures, with participation from existing investors StageOne Ventures and private investors.
This funding will support vHive’s mission to expand its customer base and accelerate growth as well as to further develop its technology leadership. Zoe Chambers, of Octopus Ventures has joined the Company’s board of directors.
Founded in 2016 by Yariv Geller and Tomer Daniel, vHive’s mission is to be a trusted partner that enables enterprises to digitally transform by capturing data from the field and applying analytics to generate better actionable business insights. Using autonomous drone hives, enterprises drive their operational efficiencies and generate new revenue opportunities.
Since its seed investment, vHive has attracted Fortune 500 companies who use its software platform across a variety of industries and geographies. vHive has enabled its customers to conduct thousands of drone surveys in industries such as cell towers, construction, insurance and rail.
Yariv Geller, co-founder and CEO of vHive said: “Enterprises are using vHive’s software to enable non-expert field employees to deploy autonomous off-the-shelf drones to digitize their field assets and operations. vHive’s solution handles missions of any scale or shape, bringing innovation to a variety of industries.
“We are excited to work with Octopus Ventures as our global partner to growth. This investment accelerates vHive’s customer base expansion in our current sectors of activity. We also plan to further grow our technology leadership, providing the most scalable, yet easy to use solution in the industry.”