{
  "id": 1719204,
  "title": "Geospatial startup NeoGeo raises $20M from Neev II Fund and Aavishkaar Capital",
  "url": "https://urgent.news/2026/08/18/geospatial-startup-neogeo-raises-20m-from-neev-ii-fund-and-aavishkaar",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-18T12:30:29.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/08/geospatial-startup-neogeo-20-million-neev-ii-fund-aavishkaar-capital"
  },
  "original_language": "en",
  "account": "Geospatial technology startup NeoGeo has secured $20 million in Series A funding from Neev II Fund and Aavishkaar Capital, the investment arm of Aavishkaar Group. The Gurugram-based company plans to use the capital to enhance its platform and product offerings, expand into markets in the Middle East and the Americas, and bolster its team to handle a larger pipeline of complex projects. NeoGeo, founded in 2019 by Sreeramam and Brahmam, offers integrated spatial intelligence solutions to clients in sectors like natural resource management, disaster management, urban governance, utilities, infrastructure, and smart cities. The company's CEO, Sreeramam G V, emphasized the value of transforming data into actionable intelligence, stating that their focus is not on data collection but on leveraging data for practical applications. NeoGeo's technology spans the entire geospatial value chain, from data acquisition through satellite imagery, LiDAR, drones, and ground surveys to AI/ML-driven analytics and industry-specific software platforms. These include OptiFleet for fleet and network optimization, GeoBalance for natural resource management, UrbanVista for urban planning and smart city visualization, and InfraSync for infrastructure asset management. By improving spatial planning, NeoGeo aims to contribute to climate mitigation through resource efficiency and carbon abatement, as well as promote climate-resilient development and adaptation via proactive hazard and vulnerability mapping. Anurag Agrawal, a partner at Aavishkaar Capital, highlighted the issue of fragmented, inaccurate land and public asset records, noting that NeoGeo's technology converts these records into a unified, high-precision spatial reference frame, thereby reducing disputes, enhancing transparency, and promoting financial inclusion, climate resilience, and public governance on a larger scale.",
  "summary": "NeoGeo said it will primarily use this funding towards R&D, marketing, and hiring.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}