13 November 2019, India:
DroneDeploy has raised $35 million in Series D round of funding. The funding round was led by Bessemer Venture Partner.
Energize Ventures, AirTree, Emergence Capital, Scale Venture Partners, and Uncork Capital also participated in the funding round.
Bessemer partner David Cowan and Tracy Young, Co-Founder and former CEO of PlanGrid, will join DroneDeploy’s Board of Directors.
The company will use the fresh capital to expand internationally, move into new industries, and further build out its suite of offerings for customers.
Bessemer partner David Cowan, said, “Drones are transforming how field workers safely and accurately survey job sites across industries in construction, agriculture, energy, and more.”
David Cowan added, “At Bessemer, we see drone solutions as a major opportunity in a $6 billion global market and DroneDeploy is the clear software category leader. The world’s largest drone deployments rely on their technology, and we’re excited to help bring the value of their platform to companies around the world.”
Mike Winn, Co-Founder and CEO of DroneDeploy, said, “Businesses of every size are turning to DroneDeploy to enable them to make better decisions. We’re proud our software delivers faster, safer and more accurate insights over the one million flights our customers perform every year.”
Mike Winn, added, “This investment is a reflection of the growth of commercial drones in the enterprise and will help us deliver on the promise of automated drone use across every industry.”
Tracy Young said, “Drones are powerful and valuable business tools, but what the industry was missing was accessibility paired with world-class technology. DroneDeploy is an authentic, motivated software company working to democratize commercial drones and disrupt traditional industries. I’m proud to provide my perspectives and insights as they push forward.”
(Image – DroneDeploy)