vHive, a Herzliya, IL-based provider of a software solution that enables enterprises to deploy autonomous drone hives to create Digital Twins of their assets, raised $25M in Series B funding.
The round was led by PSG, with participation from Octopus Ventures and Telekom Innovation Pool, and DTCP. In conjunction with the funding, Ronen Nir, Managing Director at PSG, joined vHive’s board of directors.
The company intends to use the funds to:
- further accelerate the expansion of its global customer base,
- scale up operations in key markets, as well as to enter new ones,
- bolster its enterprise digitization platform market leadership and product offerings, which include autonomous drones, data analytics, computer vision, and AI, and
- accelerate the development of new solution capabilities for key markets.
Led by Yariv Geller, CEO, vHive provides Digital Twin software solutions, which accelerate enterprises’ continuous digital transformation, enabling them to make decisions based on accurate field data, analytics, and insights. Its software solution enables enterprises to deploy autonomous drone hives to digitize their field assets and operations, such as cell towers, cranes, and structures.
FinSMEs
06/04/2022