DroneDeploy, a San Francisco, CA-based cloud drone data platform, raised $25m in series C funding.
The round, which brings the total amount of equity investment raised to date to over $56m, was led by the Invenergy Future Fund, with participation from AirTree, as well as existing investors Scale Venture Partners, Uncork Capital, Emergence Capital and AngelPad.
The company plans to use the funds to expand its ecosystem of over 80 platform apps and integrations, and accelerate a series of industry-focused solutions. With increasing adoption in the Energy, Construction, and Agriculture industries, DroneDeploy plans to invest in artificial intelligence to build new workflows that solve some of the toughest challenges facing companies today.
Led by Mike Winn, CEO and co-founder, DroneDeploy is a cloud-based drone data platform used across industries, including agriculture, construction, mining, inspection, and surveying. It has a community of 30,000 users having mapped 30 million acres in 180 countries on 400,000 job sites.
The company has seen growth in 2018 through the continued release of new features and developing strategic partnerships with SoftBank, Accenture, and The Climate Corporation. Most recently, they launched a real-time mapping solution, Live Map, which stitches RGB and thermal imagery on the edge using iOS devices—providing instant insights on the job site. The newly released enterprise cloud capabilities provide the management and security tools necessary to scale drone operations across large organizations. In addition, the DroneDeploy’s App Market now has more than 80 software integrations.