vHive, a Herzliya, Israel-based software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives, raised $5.5m in Series A funding.
The round was led by Octopus Ventures, with participation from existing investors StageOne Ventures and private investors. In conjunction with the funding, Zoe Chambers, of Octopus Ventures, joined vHive’s board of directors.
The company intends to use the fudns to expand its customer base and accelerate growth as well as to further develop its technology leadership.
Founded in 2016 by Yariv Geller and Tomer Daniel, vHive provides solutions for enterprises to deploy autonomous drone hives and digitize their field assets and operations as well as to make decisions based on accurate field data.
The company’s solutions are used in a variety of industries including communication towers, construction, insurance and rail.