Autonomous mapping startup Emesent closes $32 million Series A
Summary
Award-winning Australian autonomous mapping and data analytics startup Emesent is ready to execute its ambitious global expansion plans after closing an oversubscribed $32 million Series A round. Emesent co-founders Dr. Stefan Hrabar (CEO) and Dr. Farid Kendoul (CTO) will use the funding to accelerate the company’s already rapid global growth targets and expand its reach into new industries. “We’re also building a state-of-the-art manufacturing, calibration and test facility near our Brisbane headquarters to meet growing demand, as well as opening offices in the US and UK.” Emesent has had huge success in the mining sector. “Our drone autonomy, LiDAR mapping and analytics technology will certainly benefit the architecture, engineering and construction (AEC sector), as well as the oil, gas and defense markets,” he said. “Its best-in-class technology is disrupting the manual and inefficient nature of asset and infrastructure management, through enabling businesses and operators to reach inaccessible areas, improve safety for employees and reduce downtime,” she said.