Heliware is a startup from India that specializes in geospatial analytics, modeling, simulation, and visualization. Founded in 2018 by Rajan Srivastava, the company has grown significantly, serving various industries such as defense, solar, construction, and urban planning.
Rajan Srivastava, the founder of Heliware, had a clear vision from the beginning. After completing his B.Tech in geo-informatics in 2014, Rajan wanted to start a drone tech startup. However, while working with earth-moving clients, he realized the main problem was visualizing and analyzing large sets of drone data, especially 3D data. This led him to build a large-scale data visualization and analytics platform for location analytics[1].Rajan's early days involved significant challenges, particularly in bootstrapping the company with limited resources. He had to be very careful with his savings to make the foundation strong enough to sustain. Despite these challenges, his vision remained clear: to create a platform that could handle and analyze vast amounts of geospatial data efficiently.
The founding team of Heliware includes Rajan Srivastava and some of his college juniors and friends. Rajan brought on board people he knew well, which helped in building a strong and cohesive team. Adarsh, who has over five years of experience in project management and client relations, leads the geo-spatial analytics team. Amit, with seven years of experience, heads the visualization team, while Nandan leads the automation team[1].This team has been instrumental in overcoming the initial challenges and in the growth of the company. The diverse experience and skills of the team members have contributed to the development of Heliware's robust technology stack.
Heliware has evolved significantly since its inception in 2018. Here’s a look at its journey from the initial concept to its current state.
Heliware started with the goal of solving problems related to geospatial data visualization and analytics. The initial focus was on developing a technology stack that could handle large sets of data from various sources like drones, lidar, and mobile phones. This involved creating software and in-house web-GIS powered JavaScript library (Heli-3D Viewer) for the frontend and a Python-based geo-spatial automation library for the backend[1].Over time, Heliware expanded its services to include data ingestion and integration, data unification, geo-spatial automation, and powerful visualization using WebGL & ThreeJS. This comprehensive approach has made Heliware a big data analytics platform, converting almost any data into a geo-spatial format to help clients understand their data better.
Heliware has achieved several key milestones in its growth journey. Here are some notable ones:- Angel Funding: Heliware received a small seed round in FY19 and later raised an angel round from Chandigarh Angels Network to expand its product team in FY20[1].- API Launch: The team launched its APIs in December 2020, which are now used by over 25,000 developers globally[1].- Revenue Growth: The services revenue in FY21 was around Rs 1 crore, showing a two-fold growth from the previous year[1].- Recent Funding: In November 2024, Heliware raised Rs 4 crore in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF), with participation from TiE and Vatvistaar Ventures[2][5].These milestones reflect the company's steady growth and expanding influence in the geospatial analytics market.
Heliware's product portfolio has expanded significantly to cater to various industries. Here are some key products and services:- Bhumi Maps and Bhumi Builder: These upcoming products are designed to enable users to perform geospatial analysis and develop geospatial software. They aim to make advanced geospatial technology accessible without requiring programming experience[2][5].- Geo-Spatial Automation: Heliware's technology helps build 3D maps, which are vital for multiple autonomous applications, especially in the automotive industry[1].- No-Code Platform: Heliware’s no-code platform makes complex geospatial tools more accessible for professionals without programming experience, supporting industries like urban planning and infrastructure development[5].These products and services have helped Heliware serve over 100 clients across five countries.
Heliware's technology infrastructure is robust and designed to handle complex geospatial data.
Heliware's platform is built on several core components:- Data Ingestion and Integration: This involves collecting and integrating data from various sources such as drones, lidar, and mobile phones.- Data Unification: The platform unifies the collected data to make it consistent and ready for analysis.- Geo-Spatial Automation: This feature automates the process of analyzing and visualizing geospatial data.- WebGL & ThreeJS-based Visualization: The platform uses powerful visualization tools to present the data in a clear and understandable format[1].
Heliware ensures that its platform is secure and compliant with industry standards. Here are some key aspects:- Data Security: The platform ensures that the data is secure and protected from unauthorized access.- Compliance: Heliware complies with all relevant regulations and standards to ensure the integrity of the data and services provided.- Regular Updates: The company regularly updates its security and compliance frameworks to stay ahead of potential threats and changes in regulations.
Heliware has been innovative in the geospatial analytics industry in several ways:- Advanced Visualization: Heliware’s use of WebGL & ThreeJS for visualization makes it stand out. This technology allows for powerful and detailed visualizations of geospatial data[1].- No-Code Platform: By making geospatial tools accessible without requiring programming experience, Heliware has democratized access to advanced geospatial technology[5].- Client-Centric Solutions: Heliware’s solutions are designed to meet the specific needs of its clients across various industries, making it a preferred choice for many companies.These innovations have helped Heliware stay ahead in the competitive geospatial analytics market.
Heliware, a geo-spatial tech startup from India, has made significant strides in the market since its inception in 2018. Founded by Rajan Srivastav, the company has been instrumental in providing advanced mapping and analytics solutions. Here’s a closer look at its market impact.
Heliware has seen remarkable growth in its user base over the years. The company started with a team of 25 individuals and has now expanded to 65, marking a 160% growth in its workforce[7][8].This expansion is not just limited to the team; Heliware has also witnessed a 100% increase in its client base, growing from 30 to 60 clients. This significant growth indicates the increasing demand for Heliware's services and the trust that clients have placed in the company's technology.
The growth in user base is a testament to Heliware's innovative solutions and its ability to meet the needs of various industries. Here are some key statistics:
Heliware's market share has expanded significantly across various sectors. The company serves industries such as renewable energy, retail and supply chain, mining, construction, and defense. Its patented technology stack and specialized SDKs and APIs have made it a trusted partner in these sectors.
Heliware’s technology is versatile and can be applied in multiple fields:
While Heliware is primarily focused on geospatial technology, its impact extends to financial inclusion through its partnerships and applications. For instance, the company's real-time data analysis can be used in logistics and supply chain management, which indirectly supports financial inclusion by improving operational efficiency.
Heliware’s technology contributes to financial inclusion in several ways:
Heliware's financial journey has been marked by significant milestones, including funding rounds and revenue growth.
Heliware has experienced substantial revenue growth. The company's revenue has risen by 106% year-over-year, indicating strong demand for its services and effective execution of its business strategy.
Heliware’s revenue growth is a result of its expanding client base and increasing order bookings:
Heliware is on a path to profitability, driven by its growing revenue and expanding market presence. The company's ability to serve multiple industries and its innovative technology stack are key factors in its profitability.
Heliware’s path to profitability is supported by several factors:
Heliware has secured significant funding in its pre-Series A round, raising Rs 7 crore from investors including JITO Angel Network, TiE, and Amit Engineers. This funding will be used to expand its tech team and business sectors.
Heliware’s funding rounds have been crucial for its growth:
Heliware has formed several strategic partnerships to enhance its technology and expand its reach.
Although Heliware does not have direct banking collaborations, its technology can be applied in various financial and logistical sectors that indirectly benefit from banking services.
Heliware’s technology can be applied in sectors related to banking:
Heliware has partnered with several merchants and industries to provide its geospatial analytics solutions. These partnerships include collaborations with companies in the retail and supply chain sectors.
Heliware’s merchant partnerships are diverse:
Heliware has formed technology alliances with leading firms to enhance its offerings. For example, it has partnered with GfK in Southeast Asia and Echo Analytics in the European region.
Heliware’s technology alliances are strategic:
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