Thread, the leader of enterprise-scale autonomous data collection for delivering precise inspection insights, today announced that it closed a Series A funding round in the amount of $15M. The round was led by Badlands Capital with notable participation from an early utility partner of Thread's, Minnkota Power Cooperative, Generational Partners, Rosecliff Ventures, Excell Partners, Homegrown Capital and Kevin O'Leary's Wonder Fund North Dakota. This new round of funding accelerates Thread's horizontal expansion across asset types and enables the company to continue developing its UNITI platform, which is positioned to become the first practical turnkey Asset Performance Management (APM) platform for the energy and utilities industry.

Thread, formerly Airtonomy, is the leading data solution for enterprises looking to streamline and transform critical infrastructure lifecycle management. Leveraging its proprietary, data-driven, and robust platform technology, Thread embeds unmanned aerial systems and robotics with a suite of applications to automate enterprise inspection workflows and to create the first inspection-based digital asset catalog. Digital asset information becomes far more valuable to many stakeholders within the enterprise while also being easier and more efficient to maintain up-to-date information.