vHive raises $25M to drive asset digitization with autonomous drone hives
Israel-based autonomous drone software company vHive has scooped up $25 million in Series B funding to digitize enterprise assets and expand operations globally. vHive’s drone-agnostic solution enables readily-available commercial, off-the-shelf drones to follow flight paths autonomously and inspect field assets, such as cell towers, with uncanny precision to build accurate digital twins.
Arguably, the company’s biggest strength lies in negating the need for autonomous drone hardware. vHive says it doesn’t want users to become dependent on a single drone manufacturer. Its customers should be able to replace equipment easily and scale quickly, when required, without worrying about hardware production issues or the availability of a specific drone model.
vHive also points out that while new versions of hardware require significant time and manufacturing effort, software can be updated far more quickly and easily to adapt to evolving customer…