DroneDeploy Raises $20M in Series B Financing

Funding Rounds

▤ Summary

DroneDeploy, a San Francisco, CA-based cloud software platform for commercial drones, raised $20m in Series B financing.The round was led by Scale Venture Partners with participation from existing investors and High Alpha Capital, which is led by ExactTarget co-founder and former CEO, Scott Dorsey.The company, which has raised $31m in total funding, will use the funds to accelerate its market penetration, develop additional enterprise features and enable businesses to extract deep insights.Led by Mike Winn, co-founder and CEO, DroneDeploy provides a cloud software platform which allows brands across industries, including agriculture, construction, mining, inspection and surveying globally, to leverage drones and aerial data for professional-grade imagery and analysis, 3D modeling, etc.DroneDeploy users have mapped and analyzed over 5 million acres in over 130 countries.

$ Funding

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Amount $20.0M Total raised
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Date August 24, 2016 Announcement date
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Investors AngelPad Lead investors
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Company http://www.dronedeploy.com Funded company

▥ Classifications

industries
AgriTech
applications
Data Management

◇ AskAI Classifications

Labels
Software Development SaaS Drone Mapping Software

▦ Linked Companies

DroneDeploy
$10M to $25M