Kespry, a Menlo Park, CA-based designer of automated drone systems for commercial use, closed a $16m Series B equity financing.
The round was led by DCM Ventures with participation from Lightspeed Venture Partners, Spectrum 28, H. Barton Asset Management, Rothenberg Ventures, and Wilson Sonsini.
The company intends to use the funds to hire more engineering and service teams to ramp-up production and serve customers.
Founded in 2013, Kespry provides a full-stack automated and integrated drone system that allows companies to collect, analyze and share aerial information saving time and money, while increasing survey frequency.
The company serves customers across aggregates, construction, and surveying industries, including Fluor, Lehigh Hanson/Heidelberg, Sully-Miller/COLAS, Terus Construction, Webcor, Whitaker Contracting, Woolpert, and others.