Heliware Secures 7cr Pre-Series A-Investment for Future Growth from, JITO Angel Network promoted by JITO Incubation and Innovation Foundation , TiE and CAN
India, May 2023: Heliware, a geospatial tech start-up has raised a total of 7cr in pre-series A round, with participation from investors including JITO Angel Network Promoted by JITO Incubation and Innovation Foundation, TiE and the round was led by Amit Engineers.
Heliware has completed an incredible five-year journey, marked by multiple successes and milestones. The company serves various industries, including renewable, Retails and Supply chain, mining, construction, and defense. The team has grown from 25 to 65 individuals i.e., 160 percent growth, clients have increased from 30 to 60, i.e., 100 percent growth, order booking has increased by 200 percent, and revenue has risen by 106 percent (YoY).
Heliware’s is an advanced technology which is being used for mapping and analytics purposes. A patented technology stack can be used by any company for creating personalized analytics software & dashboards using their data through a heliware engine for real time data analysis. This tech has applications in real time management in construction, defence, logistics, energy, and a host of other applications. Its USP includes highly specialized SDK & APIs built with the scalable model, indigenous algorithms for advanced tiling, and base map independence.
Rajan Srivastav, Chief Executive Officer, Heliware said, “Heliware’s journey from start-up to geospatial tech leader is solely a testament to our team’s hard work, dedication, and vision. The company’s innovative technology and partnerships have made us a trusted partner across industries and government projects. With our latest funding round, Heliware is poised to continue its growth trajectory and making significant impact on the geospatial tech industry. The funds will be utilised to expand our tech team and business sectors, which will further elevate our position as a leader in the industry.”
We are thrilled and optimistic about the fund investment in a multi-sector tech service provider like Heliware,” said Ms. Pooja Mehta Chief Operating Officer, JIIF. “The company is a fitting example being a new age tech service for the shared concern of deep end security and AI Analytics in the industry. This investment will prove useful for their mission of scaling up and using those funds for executing their goal plans.”
Recently, Heliware has also made significant partnerships that have marked its global footprint. The company has partnered with some of the world’s leading tech firms, including GfK in Southeast Asia and Echo Analytics in the European region, to enhance its technology and expand its reach.