The round was led by G2VP with participation from new investors Shell Technology Ventures, Cisco Investments, and ABB Ventures and existing investors Lightspeed Venture Partners, DCM Ventures, Spectrum 28, and H. Barton Asset Management. In conjunction with the funding, David Mount, a partner, G2VP, will join the Kespry board of directors.
The company intends to use the funds to invest in R&D, sales and marketing to extend the capabilities and the adoption of its end-to-end aerial intelligence platform into new vertical industrial markets, such as the energy utility sector.
Led by George Mathew, CEO and chairman, Kespry provides provides a platform for drone data capture and analytics which uses AI and Machine Learning to deliver new insights and accelerate operations in industries such as aggregates, mining, construction, and insurance. The company serves customers across North America, Europe and Australia, including John Deere, Hancock Claims Consultants, Catastrophe Response Unit (CRU), Fluor, Lehigh Hanson/Heidelberg, and Colas USA.
FinSMEs
05/12/2017