vHive delivers a Digital Twin software platform that enables enterprises to deploy autonomous drone hives to digitize field assets and operations such as cell towers, cranes and structures. Its product suite includes autonomous drones plus analytics powered by computer vision and AI. The company positions its platform to accelerate continuous digital transformation by providing accurate field data, analytics and insights for better decision-making. vHive is led by CEO Yariv Geller and is based in Herzliya, IL. The company raised $25M in a Series B to support its growth and product roadmap. vHive plans to use the funds to expand its global customer base, scale operations in key markets and enter new ones, bolster market leadership and product offerings, and accelerate development of new solution capabilities for key markets. vHive, led by CEO and co-founder Yariv Geller, provides a software platform that enables organizations to produce 2D and 3D digital twins of assets such as cell towers, cranes and structures. The platform uses AI, computer vision and analytics to generate business and operational insights and offers an intuitive user interface for inspection, measurement and identification of equipment and faults. vHive says it has trained its AI and computer vision algorithms on a broad dataset of real assets, unlocking new use cases with a precision that is hard to replicate. The Herzliya, Israel-based company raised a $4M extension to its Series A and intends to use the capital for growth and expansion in the enterprise drone software market. Deutsche Telekom, via its Telekom Innovation Pool (TIP) advised by DTCP, will assist in applying vHive’s solution in telecom; target markets include telecom, construction, cranes and insurance. The company has been working closely with Deutsche Funkturm GmbH on digitizing radio-site assets, a collaboration now materializing into a long-term relationship. vHive, founded in 2016 in Herzliya, Israel, provides software that enables enterprises to deploy autonomous drone hives to digitize field assets and operations. Its platform helps customers collect accurate field data and make decisions based on that data. The company’s solutions are used across communication towers, construction, insurance and rail industries. vHive intends to use new funds to expand its customer base and accelerate growth. The company also plans to further develop its technology leadership. As part of the financing, an Octopus Ventures partner joined vHive’s board of directors.

Total raised

$35M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2022