DroneDeploy brings funding total to £70m after £27.2m Series D round

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DroneDeploy has announced it closed a £27.2m ($35m) Series D funding round led by Bessemer Venture Partners.

As part of the investment, Bessemer partner David Cowan, a 14-time Midas list investor, will also join the Board.

The funding comes on the heels of a period of rapid momentum for DroneDeploy.

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The company recently announced entry into the drone inspections market at its annual conference in San Francisco and launched new partnerships with Airbus and drone hardware maker Skydio.

This latest round brings DroneDeploy’s total funding to £70m ($90m).

Additional participating investors in this round included Energize Ventures, AirTree, Emergence Capital, Scale Venture Partners, and Uncork Capital.

Mike Winn, co-founder and CEO of Drone Deploy, commented: “Businesses of every size are turning to DroneDeploy to enable them to make better decisions.”

He added: “We’re proud our software delivers faster, safer and more accurate insights over the one million flights our customers perform every year. This investment is a reflection of the growth of commercial drones in the enterprise and will help us deliver on the promise of automated drone use across every industry.”

DroneDeploy said will use the funding to expand internationally, move into new industries, and further build out its suite of offerings for customers.

Earlier this year, CDP reported on DroneDeploy launching a single enterprise solution for all operations.

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Alex Douglas

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