UPDATED 06:00 EDT / JUNE 26 2018

EMERGING TECH

Cloud-based drone mapping startup DroneDeploy raises $25M

Cloud-based drone mapping and analytics platform DroneDeploy today said it has raised $25 million in new funding to expand both its offerings and its ecosystem of platform apps.

The Series C round, bringing company’s total funding to $56 million, was led by Invenergy Future Fund with support from AirTree, Scale Venture Partners, Uncork Capital, Emergence Capital and AngelPad.

Founded in 2013, DroneDeploy, a trade name of Infatics Inc., offers cloud-control software solutions for drones which include automated flight safety checks, workflows and real-time mapping and data processing.

The service is aimed at transforming the way businesses leverage drones and aerial data across industries, including agriculture, construction, mining, inspection and surveying. The company claimed it’s 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.

Starting with its original mobile app, the company has since expanded into supporting services. They include an app market for drones that allows third-party developers to create and offer apps for all aspects of cloud-based drone data analysis. It also offers support for offline and slow-internet drone analysis in remote areas.

Along with expanding its app offerings, DroneDeploy intends to use some of the new money it has raised to invest in artificial intelligence. The company said it’s in the process of developing strategic partnerships with SoftBank, Accenture and The Climate Corp. It’s also increasing its focus on enterprise users to provide the management and security tools necessary to scale drone operations across large organizations.

“Our investment process into this market was customer-led,” John Tough, a partner at the Invenergy Future Fund, said in a statement. “The consistent theme we heard from customers is that DroneDeploy’s product and accompanying applications help achieve significant ROI and reduce risk on the job site.”

Image: DroneDeploy

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