Propeller Closes $18M Series B Funding Round


Propeller, a Denver, CO-based 3D mapping and worksite analytics company that builds hardware and software to simplify data capture, processing, and analysis for construction, aggregates, mining, and waste management worksites, raised $18m in Series B funding.

The round was co-led by Blackbird and Costanoa Ventures.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Rory San Miguel, CEO and co-founder, Propeller provides drone analytics solutions for people to measure and manage their sites themselves. Heavy civil construction and resources operations use it to track site changes safely and accurately, with 3D visual tools that everyone can use. Today, the company’s 138-strong team powers more than 4,000 worksites every month, stretched across over 50 different countries. Propeller also announced that Roz Buick, a thought leader and advocate for digital transformation in construction who served as Senior Vice President at Trimble for over 24 years, recently joined the Propeller board. Buick ran the heavy civil construction division at Trimble for nine years and was instrumental in establishing the SITECH channel partners.



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