TempoCap leads $12.1m funding round for Dedrone

Dedrone RF-160 Sensor

Dedrone has secured $12.1m (£9.1m) in funding.

The funding round is led by the leading European technology investment company, TempoCap, which has a proven track record of investing in security technology and fast growing software businesses.

Backing ambitious founders, TempoCap supports sizeable businesses addressing real world challenges with a clear technological differentiation.

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Following this successful investment, Dedrone says it will accelerate development of its best-in-class platform providing early warning, classification of, and mitigation against drone threats.

The Dedrone platform is complete counter-drone solution designed to detect, and classify drone-based threats.

The Dedrone system detects approaching drones with the help of radio sensors as well as special camera and radar systems, whose data are processed by the intelligent DroneTracker software.

Commenting on the investment, Aaditya Devarakonda, CEO of Dedrone, said: “Drone technology has advanced tremendously in the past few years, and today drones significantly aid in surveying, disaster relief, delivery, and myriad business and consumer applications.

“However, in the wrong hands, a drone’s accessibility, capabilities, and ease of flying make it especially suitable for hacking, surveillance, and terrorism.”

While Olav Ostin, managing partner at TempoCap said: “Quite simply, this is cutting edge-technology delivering a massive difference to governments, businesses and critical national infrastructure.

“It’s a market that is growing rapidly, and we’re investing in the best company in this sector.”

Alex Douglas

The author Alex Douglas

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