vHive Raises $25 Million in Series B
Drone ecosystem funding: leading Digital Twin platform vHive Raises $25 Million in Series B Led by PSG
Israeli-based vHive offers a software solution for Digital Twins and other critical insights. The platform enables commercial, off-the-shelf (COTS) drones to fly autonomously around assets, resulting in a precise and repeatable data set.
The company has a strong customer base in telecom and other large multi-national industries: with this new infusion of $25 million in Series B funding, vHive will work to both expand their solution offering for their customers and expand into new markets.
“We’re going to continue to invest in expanding our offerings for our existing customer base, as well as scale our operations to increase our market reach,” says Yariv Geller, CEO and Co-Founder of vHive.
The funding round is led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. Previous…