Funding Alert

• ByStartupStory     |    May 5, 2023

Heliware, a startup in the geospatial technology sector, has successfully secured Rs 7 crore in a pre-Series A funding round. The investment was co-led by JITO Angel Network, TIE, and Amit Engineers. Heliware intends to employ the funds to expand both its tech team and business sector, according to a press release.

Heliware, established by Rajan Srivastav, is an innovative technology that offers mapping and analytics solutions. The company’s patented technology stack enables businesses to create customised analytics software and real-time data analysis dashboards using their data through a Heliware engine. 

This advanced technology has potential applications in various sectors such as construction, defence, logistics, and energy management. The company’s key differentiators are its specialised SDK and APIs, which are built using a scalable model and indigenous algorithms for advanced tiling. Additionally, Heliware offers base map independence, making it a valuable solution for numerous industries.

Heliware’s innovative technology serves diverse industries such as renewable energy, retail and supply chain, mining, construction, and defence. According to the company, its team has grown from 25 to 65, with a corresponding increase in clients from 30 to 60. Heliware’s order bookings have surged by 200%, and its revenue has increased by 106% YoY. The company has partnered with leading technology firms such as GfK in Southeast Asia and Echo Analytics in Europe to augment its technology and expand its global footprint.

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