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DroneDeploy Raises $25 Million in Series C Funding

DroneDeploy Raises $25 Million in Series C Funding
Credit: dronedeploy.com

Cloud-based drone data platform DroneDeploy secured $25 million in a Series C funding round led by the Invenergy Future Fund, a venture capital firm focused on making technology investments into early-stage companies that make energy and industrial operations more affordable, reliable, and secure. The round is also backed by 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 Series C funding round brings the total amount of equity investment raised by DroneDeploy to over $56 million.

DroneDeploy’s enterprise cloud capabilities and 80 software integrations are designed to provide the management and security tools necessary to scale drone operations across large organizations. According to the company, it has launched the industry’s only real-time mapping solution, Live Map, which stitches RGB and thermal imagery on the edge using iOS devices—providing instant insights on the job site. With a community of 30,000 users mapping 30 million acres in 180 countries on 400,000 job sites, DroneDeploy’s growth in 2018 includes developing strategic partnerships with SoftBank, Accenture, and The Climate Corporation.