Funding St. Louis

Drone Startup Raises $350,000 In Seed Round

Saint Louis Startup AirZaar Raises $350,000 Seed From St. Louis and New York

Airzaar-top Drone Startup Raises $350,000 In Seed Round

AirZaar is a drone fleet management SaaS startup. The company provides fleet management for drones in the mining and construction industries.

The company, founded by Ravi Sahu and Ali Ahmadi, provides real time airspace information, flight planning and compliance reporting, according to their website. They also help companies in both industries organize drone operations, aggregate data, and document drone’s data in one easy to understand dashboard. They also provide image processing and visual intelligence for mining, construction, and infrastructure clients.

Sahu previously worked with Gun Inc and Mahindra. Ahmandi is a former US Navy aviator who has worked with both Siemens and Mitsubishi Power Systems.

The Saint Louis Business Journal reports that AirZaar raised $350,000 from New York City based Quake Capital along with the Missouri Technology Corp (MTC).

Quake Capital typically invests up to $250,000 in exchange for 2 percent  and 15% in it’s portfolio companies. They also secure right to first refusal on follow up funding. AirZaar was approved for up to $75,000 in matching capital from the MTC, despite the fact that Missouri Governor Eric Greitens is trying to drastically cut the MTC’s funding.

The company plans on using the money to monetize it’s mining platform. They also hope to launch additional products and add additional workflow products for the construction industry. “Besides, we plan to increase our team size by on-boarding a couple of machine-learning engineers, a product manager and a customer success manager,” Sahu told VCCircle

They are also expanding globally to India. They currently have half a dozen Indian real estate developers that doing pilot programs with the AirZaar technology. Construction companies utilize AirZaar for site surveys, and evaluating projects.

“We see that AirZaar can solve a lot of big infrastructure problems in India by providing accurate visualisation. Our plan for 2017 is to ramp up the engineering operations and sales in India to scale our solutions for the construction and mining industry,” Sahu said.