Heliware, an Indian deep-tech startup specializing in advanced geospatial intelligence and 3D analytics, has secured Rs 4.5 Crore in a bridge funding round led by Inflection Point Ventures. The capital will aid the company’s international expansion, talent acquisition, and operational setup in key global markets, while also bolstering its working capital for ongoing and future projects.
As the first Indian firm to create a nationwide, high-resolution 3D terrain model integrated with sophisticated analytics such as flood simulation, line-of-sight analysis, and predictive spatial modeling, Heliware enhances analysis and application development five times faster and at half the cost. With its affordable, flexible, and end-to-end solutions, Heliware provides a unified geospatial intelligence platform for sectors that rely on location data.
Mitesh Shah, Co-Founder of Inflection Point Ventures, highlighted the growing significance of geospatial intelligence, asserting that it is becoming a foundational layer for infrastructure, defense preparedness, and enterprise decision-making. “Heliware’s ability to democratize extremely complex GIS capabilities with a plug-and-play, scalable platform that produces tangible results is what makes it unique,” Shah stated. He emphasized that the company is poised to become a globally significant player in the geospatial intelligence sector, having established a solid technological foundation with diverse applications.
Leading the company, Rajan Srivastav, Founder and CEO of Heliware, is a Geo-Informatics engineer with over seven years of experience in developing GIS solutions. Recognized as one of the 50 Rising Stars of Geospatial World in 2022, and the only Indian under thirty to achieve this honor, Srivastav believes in the transformative potential of Heliware’s offerings. “Our experience with IPV has been deeply collaborative and value-driven, helping us sharpen our strategic direction while preparing Heliware for its next phase of growth,” he remarked. By democratizing sophisticated 3D and location analytics, he aims to make these tools accessible not just to GIS specialists but across various industries, facilitating quicker decision-making and more intelligent infrastructure.
Heliware currently operates pan-India, serving government and corporate clients, and has extended its reach to enterprise clients in Southeast Asia. The startup collaborates with over 100 clients across five countries, providing scalable, cloud-based geospatial intelligence solutions applicable across multiple industries. Its model is designed for swift multi-region deployment, enhancing market expansion capabilities. Recently, Heliware was recognized as the winner of the 2023 Space-Tech segment at the TECHNEXT Challenge organized by Accenture Ventures.
Among its clientele are esteemed organizations in defense, infrastructure, technology, retail, and renewable energy sectors, including the Indian Army, DRDO, Larsen & Toubro, and Accenture. The company’s success can be attributed to its innovative approach in democratizing geographic information systems (GIS) through patented three-dimensional technology, transforming a complex area of expertise into a simple, plug-and-play solution.
The global GIS market, currently valued at $100 billion, is projected to exceed $250 billion by 2032. Similarly, in India, the market is anticipated to evolve into a Rs 1 lakh crore (approximately $12 billion) industry by 2030, spurred by substantial adoption in sectors such as infrastructure, defense, and enterprise solutions. As Heliware continues to expand its footprint, its role in shaping the future of geospatial intelligence and its applications in various industries may redefine how businesses interact with location data.
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