Techno Hour

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

European investment 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, Venture capitalist & founder of Boundary Holding.

Asteria Aerospace’s product line-up includes Cygnus, a fixed-wing drone; multi-rotor drone A400; and Genesis, its software stack for drone control and fleet management. The product catalog has also brought Asteria some interesting clients including Indian paramilitary agencies, state police forces, and international companies as well as a tangent of industrial applications and clients.

Drones have rapidly emerged as a powerful and versatile technology, and carved out a dedicated market niche for themselves both nationally and globally. Their potential comes from a combination of factors, including their accessibility, user-friendly interfaces, and seamless integration capabilities with a range of other technologies. Drones can be easily equipped with various measuring units, cameras, or even load carriers, thanks to advancements in technology. This has opened up a world of possibilities, enabling applications across industries such as aerial photography, surveying and mapping, logistics, and even emergency response.

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 Venture capitalist 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. The parallel investments in Asteria and XRVision could also help Boundary Holding leverage the potential of AI-based Video Content Analytics as well as actionable drone intelligence from drones – a space which is gathering quite an interest in international markets, in both investment trends and utility.

AI-complaint video analytics and facial recognition technology will shape the future of various industries, majorly that of security and surveillance. The AI, and deep technology integrated video analytics tools will have the power to drive decisions in the future, and increase operational efficiencies.

The technology is incredibly accurate, with wide-ranging capabilities, making it one of the most promising field of investment. Facial recognition technology, in addition to the predictive video analytics, is bringing major change in sector of surveillance and damage prevention. That said, XRVision’s work towards advancements in video analytics shows huge growth potential, which has attracted investments for the startup.

Basic Information

Name Rajat Khare
Category Venture Capitalist, Entrepreneur, Investor
Alma Mater Indian Institute of Technology, Delhi
Occupation Founder, Boundary Holding, Investor
Rajat Khare’s  Age Not Available
Publication ‘Make the Move’ – Demystifying Entrepreneurship
LinkedIn Rajat Khare LinkedIn
Facebook Rajat Khare Facebook

About Boundary Holding

Boundary Holding is a European new-age technology fund with presence in Luxembourg and France, which invests in Angel and Venture capital funds across sub-sectors in Artificial Intelligence. Founded by Rajat Khare (venture capitalist and an entrepreneur ), Boundary Holding primarily acts as a Bridge Investment for startups and organizations and  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.

About Rajat Khare

Rajat Khare, an alumni of IIT-Delhi with a B.Tech in Computer Science, is a prominent figure in venture capitalism and entrepreneurship. As the founder of Boundary Holding, Khare has been the driving force behind the success of numerous next-generation technology startups. Beyond his role as an investor, Rajat Khare actively contributes to the entrepreneurial ecosystem through his involvement in organizations like the Indian Angel Network and The Indus Entrepreneurs (TIE). He is also recognized as a co-author of the book “Make The Move – Demystifying Entrepreneurship.” This book serves as a valuable resource for entrepreneurs, wantrepreneurs, and established businessmen, offering insights and practical advice on navigating the entrepreneurial journey.

Rajat Khare’s Perspective on AI and Drones

Based on compelling projections and growth trends, Rajat Khare, recognizing the potential impact, firmly believes in the future and progress of AI and drones. The global drone market, as per Statista, is anticipated to reach 9.3 million units by 2028, with an 8.3% volume growth expected in 2024. Additionally, Fact.MR forecasts a valuation of US\$279 billion for the drone market by 2032, showcasing a robust compound annual growth rate (CAGR) of 25% from 2022 to 2032. Turning to AI, radixweb.com predicts a remarkable 36.8% growth from 2023 to 2030, with expectations of a twentyfold increase by 2030. Hostinger. Further forecasts a consistent 37% annual growth in the global AI market size from 2023 to 2030, projecting the creation of 133 million new jobs by 2030. This aligns with Forbes’ recognition that AI-powered predictive analytics can significantly empower businesses by uncovering insights and enabling accurate predictions about future outcomes.

UPDATE

Geneva, Recently – Boundary Holding announces its investment in Astrocast, a company based in Chavannes-près-Renens and specializing in nanosatellite technology. Astrocast currently operates the most robust end-to-end Nanosatellite IoT Network, and is the Swiss company with the most satellites in orbit as well as the leading satellite telecom operator in Switzerland.

Boundary Holding‘s strategic investment in Aero41 underscores the importance of agricultural innovation in addressing the evolving needs of the farming industry. Aero41‘s Swiss-made drones offer a host of benefits to vintners, from swift and efficient treatment of vineyards to reduced soil compaction and minimized exposure to chemicals. This partnership signifies Boundary Holding’s dedication to promoting sustainable practices and the adoption of technology in the agricultural landscape.

Rajat Khare IIT Delhi alumnus, said, “The legal sector is undergoing a massive transformation, more so amid the pandemic. Thus, embracing new-age technologies like AI and machine learning has become the need of the hour.”

Also Read:  Venture Capitalist Rajat Khare’s Boundary Holding invested Singapore-based startup

View Comments

  • I guess soon Artificial Intelligence will overtake humans. It's impacting the future of virtually every industry and every human being.

  • For bringing change in the world of tech, artificial intelligence and Deeptech investors like Rajat Khare resource the society and bring more revolutionary innovations to humanity in the future.

  • Artificial Intelligence will be the largest business opportunity in the next decade. It automates repetitive and manual tasks. It will soon augment human decision-making. Soo excited. Can't wait for that day when science will make human life mush easier.

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