Malaysia’s Aerodyne raises US$30 mil in Series B as it charts IPO in 2022/23
Summary
Aerodyne Group, a global drone-based managed solutions provider with its headquarters in Kuala Lumpur, Malaysia has announced a US$30 million Series B investment round. Kamarul A Muhamad, Aerodyne’s founder and chief executive officer, tells DNA that the investment gives Aerodyne a 12 to 18 month runaway to further expand globally before it locks in its next funding round. We also thank QuantePhi as the lead advisor for this round.” CH Woo, CEO of InterVest said, “The drone industry has been developing at breakneck speed, but Aerodyne has found the right balance between advancement of technology and meeting client needs. We are excited to be able to provide Kamarul and his team with the funding capital needed to underpin the continued development of technology, business solutions and human capacity to drive Aerodyne’s sustained global growth trajectory.“ VentureTECH’s Managing Director, Dr. Norida Abd. Six months after establishing its presence in India, Kamarul says the country is already delivering “really good numbers” for Aerodyne and with 30 people, has become its largest operating base, outside of Malaysia.