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#News(Startup) [ via IoTForIndiaGroup ]
Droni Tech, a Mumbai-based startup that offers drone hardware based on artificial intelligence, has raised $500,000 (Rs 3.54 crore) in its first seed funding from Eagle Group and angel investors, a statement said.
The funding comes just days after the central government announced norms to ensure drones do not pose a security threat. The rules will be effective from December.
Investor Eagle Group owns Eagle Security and Personal Services (ESPS), a platform for providing manned security services in India. Incorporated in 1980 and with a client base of over 500 customers, ESPS offer services across the country with a network of 25 branches.
With the recent fundraising, Droni Tech plans to drive research and development in Mumbai and the United States (US) and aims to ramp up growth through sales and marketing, the statement said.
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