AerialSphere Secures $5 Million Series A Financing Round
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]Validates AerialSphere’s Innovative Offering and Paves the Way for Continued Success
AerialSphere, the industry leader in delivering immersive aerial experiences, today announced it has completed a $5 million Series A round of financing. Jokake Companies led the investment round with participation from both existing and new investors. The investment brings AerialSphere’s total funding since launching its revolutionary aerial experience platform to $6.3 million and will support AerialSphere’s national expansion, with the goal of mapping the 66 largest markets by the end of 2020. The investment will also be used to aggressively expand its sales and marketing efforts as well as broaden and accelerate product development.
The Series A financing builds on an exceptional few years for AerialSphere which has seen a growing roster of clients including Marriott, Cushman & Wakefield, CBRE, Colliers International, Catellus and The Opus Group. AerialSphere has also seen a number of key executive appointments and growing product adoption, with the launch of the new Expereince360 and VR360 product lines occurring in the coming month.
“The funding is a strong validation of our business model, our mission, our growth and overall confidence in our team,” said AerialSphere CEO Mike Smith “Our offering is well timed with the increasing need for more engaging and informative mapping options. I am thrilled that our new investment partners see our vision to change the way people and companies experience maps. With their financial commitment and expertise in growing companies, Jokake and the rest of the investment group will help us execute our vision more rapidly.”
AerialSphere offers the only national dataset of fully-immersive and geo-rectified 360-degree aerial panoramas that deliver unique perspectives to increase engagement and drive revenue. XP360 will give users the tools and flexibility to create their own immersive experiences through a powerful web application. The XP360 API will enable enterprises to integrate 360-degree aerial experiences directly into their platform.
AerialSphere is re-inventing the way people interact with maps through its unprecedented 360-degree immersive experience to help companies engage, drive revenue, inform and entertain. AerialSphere’s patented platform and open API integrates with virtually any application environment and device to deliver experiences that are more exciting, engaging and effective than traditional digital mapping solutions. AerialSphere is used by organizations in Real Estate, Retail, Travel, Insurance, Government, Entertainment/Events, Education and Technology. Share more than maps. Share experiences. To learn more about AerialSphere, visit: https://aerialsphere.com.
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