Bessemer Leads $35M Series D for DroneDeploy

Bessemer Ventures’ partner David Cowan will join the DroneDeploy board as part of the round, which brings the company’s total funds raised to date to $90 million. Founded in 2013 in San Francisco, DroneDeploy has grown to have more than 5,000 customers across multiple industries including agriculture, solar, wind, insurance, construction, mining, oil and gas, and search and rescue. Working as a unifying force in drone technology, DroneDeploy connects developers, hardware partners, and pilots to transform how users collect, manage, and interpret drone-sourced data. After having recently announced its reach into the drone inspection market, DroneDeploy plans to use the funds raised through this Series D to drive its international expansion, to expand the application of its services, and to further build out its suite of tools. “At Bessemer, we see drone solutions as a major opportunity in a $6 billion global market and DroneDeploy is the clear software category leader,” said Cowan.