Startup intends to bring “drones to every job site”
The company is claimed to be the largest cloud-based drone data platform, with a community of 30,000 users having mapped 30 million acres in 180 countries on 400,000 job sites. The latest funding round was led by the Invenergy Future Fund, a venture capital firm focused on making technology investments in early-stage companies that make energy and industrial operations more affordable, reliable, and secure.
“We started DroneDeploy to make drones accessible tools to everyone,” says Mike Winn, CEO and co-founder of DroneDeploy, “and we’ve since become the world’s largest commercial drone software platform by providing drone software that’s both easy to use, and powerful. With this new funding round, we have the opportunity to work with more customers who will bring our platform to new industries, and transform workflows on every job site.”
The company says it plans to use the funds to expand its ecosystem of over 80 platform apps and integrations, and accelerate a series of industry-focused solutions. With increasing adoption in the energy, construction, and agriculture industries, the company says, it plans to invest heavily in artificial intelligence to build new workflows that solve some of the toughest challenges facing companies today.
Other investors in the Series C funding round include AirTree, one of the largest venture capital firms in Australia, as well as existing investors, Scale Venture Partners, Uncork Capital, Emergence Capital, and AngelPad. The latest round brings the total amount of equity investment raised by DroneDeploy to over $56 million.
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