Heliware Company Profile

Background

Heliware, founded in 2018 by Rajan Srivastav, is an Indian startup specializing in 3D geospatial analytics. The company offers a platform that enables developers, analysts, and data scientists to perform advanced geospatial analysis and visualization. Headquartered in Gurugram, Haryana, Heliware serves various industries, including construction, defense, renewable energy, and urban planning. Its mission is to democratize access to complex spatial data, facilitating informed decision-making across sectors.

Key Strategic Focus

Heliware's strategic focus centers on providing user-friendly, no-code geospatial solutions that allow businesses to integrate and analyze spatial data seamlessly. The company's core objectives include:

• No-Code Development Platform: Empowering users without extensive programming knowledge to create customized geospatial applications.

• Scalable Cloud-Based Solutions: Offering cloud-based platforms that can scale according to the needs of businesses of all sizes.

• Diverse Industry Applications: Catering to sectors such as defense, urban planning, renewable energy, and logistics by providing tools for simulations, visualizations, and extensive spatial data integration.

Financials and Funding

Heliware has experienced significant growth and secured substantial funding to support its expansion:

• Pre-Series A Funding (May 2023): Raised ₹7 crore (approximately $0.85 million) in a round led by JITO Angel Network, with participation from TiE and Amit Engineers. The funds are intended to expand the tech team and business sectors.

• Angel Funding (FY19 and FY20): Received initial seed funding in FY19, followed by an angel round from Chandigarh Angels Network in FY20 to expand the product team.

• Revenue Growth: Achieved a 106% year-over-year increase in revenue, reflecting strong demand for its services.

Pipeline Development

Heliware is actively developing and launching new products to enhance its geospatial analytics offerings:

• Bhumi Maps and Bhumi Builder: Announced in November 2024, these products aim to revolutionize geospatial analysis and software development by simplifying the process with user-friendly interfaces.

• HeliJS: An open-source JavaScript library that enables developers to create dynamic 3D globes and maps compatible with all web browsers.

Technological Platform and Innovation

Heliware's technological platform is distinguished by several proprietary technologies and methodologies:

• HeliJS: An open-source JavaScript library built upon WebGL, allowing high-performance rendering of large datasets and intricate 3D models.

• Geo-Spatial Automation: Technology that assists in building 3D maps vital for multiple autonomous applications, especially in the automotive industry.

• No-Code Platform: Enables users without programming experience to create customized geospatial applications, democratizing access to advanced geospatial technology.

Leadership Team

• Rajan Srivastav: Founder and Chief Executive Officer. Holds a B.Tech in Geo-Informatics and has extensive experience in geospatial analytics. Under his leadership, Heliware has grown significantly, serving various industries with innovative geospatial solutions.

• Shilpy Shrivastava: Co-Founder and Legal Advisor. Provides legal guidance and strategic advice, contributing to the company's growth and compliance.

Competitor Profile

Market Insights and Dynamics

The geospatial analytics market is experiencing rapid growth, driven by increasing demand for location-based services across various industries. Key trends include the adoption of AI and machine learning for enhanced data analysis and the development of user-friendly platforms to democratize access to geospatial data.

Competitor Analysis

Heliware faces competition from several companies in the geospatial analytics space:

• GeoSpoc: Founded in 2014 and headquartered in Pune, Maharashtra, GeoSpoc offers geospatial solutions similar to Heliware. It generates approximately $2.8 million more in revenue compared to Heliware.

• Geoinfosys Technologies: Provides geospatial technology services and is considered a competitor in the industry.

• Kaiinos Geospatial Technologies: Another competitor offering geospatial solutions, operating in the same market segment.

Strategic Collaborations and Partnerships

Heliware has established significant partnerships to enhance its market position and technological capabilities:

• GfK (Southeast Asia): Collaborated to enhance technology and expand reach in the Southeast Asian market.

• Echo Analytics (Europe): Partnered to strengthen technological offerings and market presence in Europe.

Operational Insights

Heliware's strategic considerations include:

• Market Position: Positioned as a leader in providing no-code geospatial solutions, making complex spatial data accessible to a broader audience.

• Competitive Advantages: Proprietary technologies like HeliJS and a focus on user-friendly platforms set Heliware apart from competitors.

Strategic Opportunities and Future Directions

Heliware's strategic roadmap includes:

• Product Expansion: Launching new products like Bhumi Maps and Bhumi Builder to cater to a wider range of geospatial analysis needs.

• International Growth: Strengthening partnerships and expanding market presence in Southeast Asia and Europe.

• Technological Innovation: Continuing investment in R&D to maintain technological leadership in the geospatial sector.

Contact Information

• Website: Heliware Official Website

• LinkedIn: Heliware LinkedIn Profile

• Twitter: Heliware Twitter Profile

• Facebook: Heliware Facebook Page