DroneDeploy, founded in 2013, is basically a software-based company that offers cloud control software solutions for drones. The drones included in the word “drones” are highly authorized, including automated flight safety checks, workflows, real-time mapping, and data processing.
Dronedeploy announced that in its E Series it has raised $50 million. The round was one of the most exciting, with investors Energize Ventures and AirTree leading the way. The participants of the round were Bessemer, Scale, Emergence, Anglepad, Uncork, and Frontline Ventures. This funding brings DroneDeploy’s total funding to $142 million, which is a huge success for the company.
The company offers drone facilities to its customers and makes it possible for them to improve their workflow through scalable image processing, data storage, and real-time experience.
According to the company, this investment is a great and huge one and will be used in the most effective manner to expand the business into new markets where it has not been established before and rapidly accelerate the company’s growth throughout Europe. The company and its investors are also looking forward to exploring and expanding business opportunities for strategic acquisitions.
Dronedeploy offers a variety of products, but it is mainly known for its products such as drones and ground-level cameras. Due to the COVID-19 pandemic, almost every company in every sector has adopted drone technology to enhance global social distancing measures. The pandemic not only made the use of drone technology compulsory but also made remote cloud-based solutions essential as per dronedeploy 50M series airtreesawersventurebeat.
Mike Winn, the CEO, and co-founder of DroneDeploy says that “We can see two positive points from our perspective. Drone use will increase rapidly at the enterprise level. Across the entire globe, agriculture, logistics, construction, and energy are among those industries that are using drones more and more to manage their work and activities. To support our users and enable them with error-free services, we are launching an EMEA office. ” He added a few more words by saying that companies are digitizing their sites inside and out, promoting full digitalization of their assets. So, we digitize our drone as well, enabling it to capture and analyze all images that it sees. We will continue to improve this technology and promote complete digitalization to deliver utilities in the best possible way to our customers.
Stephen McIntyre, the partner at European-based Frontline Venture, wanted to push DroneDeploy into the European Market, which is already the second largest market for DroneDeploy.
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