DroneDeploy, a San Francisco-based drone mapping platform provider, has locked in a bumper investment in order to target growth.
The company has secured a $25m (£19m) investment, which it plans to use to take its platform to the ‘next level’ and break into new industries.
“With this new funding round, we have the opportunity to work with more customers who will bring our drone data platform to new industries, and transform workflows on every job site,” said Mike Winn, CEO at DroneDeploy.
Over the last four years, DroneDeploy has built one of the largest drone datasets in the world, consisting of more than 100 million aerial images collected in 180 countries across 400,000 job sites.
The funding round was led by the Invenergy Future Fund, a venture capital firm focused on investing in early-stage companies that make energy and industrial operations more affordable, reliable, and secure. The round is also backed by AirTree, one of the largest venture capital firms in Australia.
John Tough, partner at the Invenergy Future Fund, added: “Our investment process into this market was customer-led. The consistent theme we heard from customers was that DroneDeploy’s product and accompanying applications help achieve significant ROI and reduce risk on the job site.”