vHive, a developer of cloud-based software that enables organizations to operate autonomous drone fleets for the acquisition, management and processing of field data, has completed a $2 million first round of funding led by venture capital firm StageOne and several additional private investors.
The round will enable vHive to further develop its Mission AI technology and expand into new markets. The company is also adding two new directors: Yoav Samet of StageOne and entrepreneur Benny Schnaider.
“With presence in Israel and in the Silicon Valley and a focus on young companies with deep technology, StageOne is an ideal partner for us,” says Yariv Geller, CEO of vHive, which was launched last year. “StageOne and our investors bring a rich experience in commercializing organizational software – which is essential for us to realize our vision.”
According to vHive, Mission AI enables organizations and drone operators to manage missions of any scale by taking into account mission goals; the number of drones and their capabilities; sensor types; and a variety of mission parameters, such as regulations, safety and environmental conditions.
The company says it is currently active in industries such as civil engineering, construction and utilities.