Aerodyne Group has announced a $30 million (£23 million) Series B investment round, led by InterVest/Kejora Ventures.
Proceeds will be used to undertake select M&As, further invest in R&D and technology, hire talent globally and continue to expand into Aerodyne’s key global markets such as Japan, India, US, and the Middle East.
The Malaysian-headquartered firm currently has presence in 25 countries and delivers AI-driven, drone-based enterprise-integrated managed solutions to the Oil & Gas, Power, Telecoms, Renewables, Construction, Agriculture and Infrastructure industries.
The company’s founder and CEO, Kamarul A Muhamad, said: “We’ve grown by leaps and bounds since we began in 2014.
“We’ve been building a business delivering much needed solutions to a raft of companies and with backing from respected investors, at a time of drone industry consolidation, which is a testament to our strength, growth prospects and the opportunities ahead.
“We welcome our strategic investors in this Series B round, and look forward to working together on our exciting journey ahead. We also thank QuantePhi as the lead advisor for the Series B round.”
Mr. CH Woo, CEO of InterVest said: “The drone industry has been developing at breakneck speed, but Aerodyne has found the right balance between advancement of technology and meeting client needs.
“We are excited to be able to provide Kamarul and his team with the funding capital needed to underpin the continued development of technology, business solutions and human capacity to drive Aerodyne’s sustained global growth trajectory.“