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Rajat Khare founder of Boundary Holding invests in Indian Artificial Intelligence startup

A robotics and artificial intelligence firm from Bengaluru, Asteria Aerospace, has received funding from the European investment group Boundary Holding.

Asteria is a robotics and artificial intelligence business founded by Nihar Vartak and Neel Mehta that offers customized unmanned aerial platforms to the military, law enforcement, mining, construction, and oil industries. The Asteria drone-based solutions provide useful intelligence from aerial data and effortlessly integrate into operational workflows.

The product lineup of Asteria Aerospace consists of the fixed-wing drone Cygnus, the multi-rotor drone A400, and Genesis, a software stack for drone control and fleet management. Asteria has acquired some fascinating clients as a result of the product catalogue, including Indian paramilitary organisations, state police forces, and foreign businesses in addition to a sideways range of industrial clients and applications.

Since the device established a specialised market, or niche as you can say, for itself in the domestic and international markets, drones have demonstrated enormous potential. Taking into account the technology's accessibility, user-friendly interface, and integration potential with numerous other technologies like measuring devices, cameras, or even load carriers

The investment by Boundary Holding is in line with a global trend that reflects the excitement and interest that artificial intelligence has generated on a global scale, in addition to its potential for drone-based monitoring. In-depth information gathering and better decision-making have benefited greatly from drones and their aerial data.

The investment was made shortly after money was invested in the Singapore-based facial recognition business XRVision. Boundary Holding seeks to build a comprehensive portfolio of businesses that provide outstanding AI solutions to many industries by investing in various facets of the AI value chain. The simultaneous investments in Asteria and XRVision may also enable Boundary Holding to capitalize on the potential of AI-based Video Content Analytics and actionable drone intelligence, a field that is attracting considerable attention on the global market in terms of both investment trends and utility.

Future developments in a variety of areas, most notably security and surveillance, will be shaped by AI-compliant video analytics and facial recognition technology. Future decision-making and operational efficiency will be boosted by the deep technology and AI integrated video analytics tools.

The technology is extremely precise and has a broad range of applications, making it one of the most promising investment sectors. Along with predictive video analytics, facial recognition technology is bringing about significant change in the surveillance and damage control industries. Nevertheless, XRVision's efforts to develop video analytics demonstrate tremendous growth potential, which has drawn funding for the firm.