DroneDeploy Raises $20 Million to Help Businesses Benefit From Drone Aerial Data | High Alpha
Summary
DroneDeploy raised $20 million in Series B financing led by Scale Venture Partners, bringing total funding to $31 million. The company builds a cloud software platform for commercial drones and uses the capital to expand enterprise features and accelerate market penetration. The timing aligns with the rollout of FAA Part 107, which is expected to increase commercial drone adoption in businesses. The round also adds enterprise expertise to the board and signals continued growth in drone data management software.
Funding
Amount
$20.0M
Total raised
Date
August 24, 2016
Announcement date
Investors
Scale Venture Partners, High Alpha
Lead investors
Company
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