Funding · AI & Deep Tech

NeoGeoInfo raises $20m in series a funding round

By Startup Enthusiast · 18 August 2026

What they do

NeoGeoInfo provides geospatial intelligence solutions using satellite imagery and drone surveys for government and corporate clients

The company closed a $20 million Series A round led by SBI Neev II Fund with co-lead from Aavishkaar Capital

Funds will support research and development while expanding operations into the Middle East and Americas markets

NeoGeoInfo Technologies has successfully closed its Series A funding round.
The total investment amount is $20 million, which equals approximately Rs 191 crore.
SBI Neev II Fund served as the lead investor in this transaction.
Aavishkaar Capital participated as the co-lead investor alongside the lead.
ICICI Securities was the exclusive financial advisor for the deal.
The company plans to use the capital for research and development activities.
NeoGeoInfo intends to expand its business presence into the Middle East and Americas.
The funds will also help strengthen the team for handling large-scale projects.

The National Geospatial Policy 2022 liberalized access to geospatial data in India.
This policy change has boosted domestic capabilities in the geospatial sector.
Geospatial intelligence is considered critical for national sovereignty and infrastructure planning.

NeoGeoInfo operates as an integrated spatial intelligence solutions provider.
It handles the entire geospatial value chain from data collection to analysis.
Data sources include satellite imagery, LiDAR drones, and ground-based surveys.
The company uses AI/ML-driven analytics for processing complex spatial datasets.
Key platforms include OptiFleet for fleet management and GeoBalance for site suitability.
UrbanVista supports mapping and public services while InfraSync manages infrastructure assets.
Clients primarily consist of government organizations and large corporate entities.
The firm maintains over 1,200 CORS stations across various Indian states.
It has completed more than 200 projects covering over 500,000 sq km.

SBI Neev II Fund (lead) — Managed by SBI Ventures, a wholly owned subsidiary of State Bank of India.
Aavishkaar Capital (co-lead) — The investment arm of the Aavishkaar Group.