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Deutsche Telekom invests in enterprise drone software company vHive

Thursday 15 October 2020 | 10:25 CET | News
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vHive, global provider of drone software solutions, has unveiled a USD 4 million Series A funding round extension, led by Telekom Innovation Pool (TIP), strategic investment fund of Deutsche Telekom.

Existing investors StageOne Ventures and Octopus Ventures also participated. The funding will be used to accelerate vHive's growth and expansion in the enterprise drone software market. Deutsche Telekom vice president Joel Fisch, also co-managing director at TIP, has joined the vHive board of directors. Deutsche Telekom will help drive deployment of vHive solutions in the global telecoms market. 



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Categories: Mobile & Wireless
Companies: Deutsche Telekom / vHive
Countries: World
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