# vHive Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vhive-tech

- Industry: Electronics
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.vhive.ai
- Total disclosed funding: $12M
- Latest round: Series A (Oct 14, 2020)
- Investors on record: 3

## About

Founded in 2016 by co-founders Yariv Geller, and Tomer Daniel and based in Tel-Aviv, Israel, vHive Tech Ltd. is a cloud-based platform developer that provides artificial intelligence to enable organizations to acquire, manage, and process field data using autonomous drone fleets. In 2021, PSG Equity invested in vHive Tech Ltd. In April 2022, vHive Tech Ltd. raised USD 25 million in Series B funding led by returning investor PSG Equity, with participation from other returning investors DTCP Growth and Octopus Ventures.
 
The company’s flagship product, vHive Capture, utilises Auto-Discovery technology to allow users to conduct surveys with minimal training. The technology enables the use of off-the-shelf drones to autonomously survey and capture data, eliminating the need for professional pilots and reducing human error. The process involves a three-step operation via a tablet, enhancing operational efficiency and data accuracy. Additionally, the platform enables enterprises to access a detailed digital portfolio of their assets, providing instant visibility into asset condition and profitability. The features include automated inventory identification, fault detection, and space analytics, all aimed at maximising operational efficiency and reducing costs. vHive Modeling allows teams to collaboratively plan and simulate equipment changes in a 3D environment, accelerating time-to-revenue and optimizing infrastructure use. The business serves a wide range of industries, including telecom, wind turbines, solar farms, and electric utilities, providing tailored solutions that ensure regulatory compliance and operational flexibility.
 
The company will use the April 2022  funding to accelerate its global customer base and scale up operations.

## Funding rounds

- Series A, Oct 14, 2020, $4M — DTCP, StageOne Ventures, Octopus Investments
- Series A, Sep 11, 2019, $5.5M — StageOne Ventures, Octopus Investments
- Seed, Apr 12, 2017, $2M — StageOne Ventures

## Investors

- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Seed, Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A
- DTCP — Series A