Leading enterprise drone data company
DroneDeploy today announced it has raised $50 million in Series E financing. The round was led by existing investors Energize Ventures and AirTree, with participation from Bessemer, Scale, Emergence, Angelpad, Uncork and Frontline Ventures. This funding brings DroneDeploy’s total fundraising to date to $142 million, the most of any drone data company. The investment will be used to expand the company’s products beyond aerial capture, accelerate its expansion into Europe, and explore opportunities for strategic acquisitions.
DroneDeploy powers drones and ground-level cameras to automatically collect and analyze visual data from job sites, operations and assets. Companies across almost every sector have embraced commercial drones, especially as COVID-19 and global social distancing measures have made remote, cloud-based solutions essential. DroneDeploy has led the market, achieving 259% annual growth in enterprise use in 2020 and even greater adoption by Fortune 500 energy, agriculture, engineering, property and logistics management, and insurance companies.