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Vhive Raises $25 Million In Series B Led By Psg

Apr 05, 2022•over 3 years ago

Amount Raised

$25 Million

Round Type

series b

Description

vHive, a software solution that enables enterprises to deploy autonomous drone hives to create Digital Twins of their assets, announced today that it has secured $25 million in Series B funding. The funding round is led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. Previous investors Octopus Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom's strategic investment fund advised by DTCP, also participated in the round. Ronen Nir, Managing Director at PSG, has joined vHive's board of directors.

Company Information

Company

V Hive

About

vHive is a global leader of Digital Twin software solutions. vHive accelerates enterprises' continuous digital transformation, enabling them to make better decisions based on accurate field data, analytics, and insights. vHive is a leading software solution that enables enterprises to deploy autonomous drone hives to digitize their field assets and operations. vHive is making an impact in a variety of industries by seeking to dramatically cut operational costs, generate new revenue opportunities and boost employee safety. Learn more at www.vHive.ai.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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