Global macro fund Boundary Holding has announced its investment in Asteria Aerospace, a robotics and artificial intelligence company from Bengaluru.
Founded by Nihar Vartak and Neel Mehta, Asteria is a robotics and artificial intelligence company that provides specialized unmanned aerial platforms to the military, and law enforcement as well as mining, construction and oil industries. The drone-based solutions by Asteria offer actionable intelligence from aerial data and integrate seamlessly into operational workflows.
“Asteria Aerospace is well-positioned to fly higher,” stated Rajat Khare, founder of Boundary Holding.
The investment by Boundary Holding follows a global trend in accord with international interest and intrigue in Artificial Intelligence, besides its utility in surveillance through drones. Drones and their aerial data have been notably efficient in precise intelligence gathering, and more informed decision-making.
“We are very glad to add Asteria Aerospace to our portfolio of investments in Artificial Intelligence. I believe that with this association, Asteria Aerospace is well-positioned to fly higher,” stated Rajat Khare, founder of Boundary Holding.
The investment follows closely on the heels of the investment in XRVision, a Facial Recognition startup from Singapore. With investments in different parts of the AI value chain, Boundary Holding aims to create a comprehensive portfolio of companies that offer amazing AI solutions to different sectors.
Boundary Holding is a new-age technology fund based out Luxembourg, which invests in distressed funds, Angel funds and Venture capital funds across different sub-sectors in Artificial Intelligence. Founded by Rajat Khare, the company has a network of startup programs around the world, and over $200 million in committed capital across different organizations all over the world.
The company seeks to invest in the capital-efficient business models of tech-entrepreneurs, and invest ahead of the AI revolution in companies that are leading the AI space with their innovations.