Your Source for Venture Capital and Private Equity Financings

DroneDeploy Raises $2M

2014-09-20
SAN FRANCISCO, CA, DroneDeploy has raised a $2 million seed led by SoftTech VC, with DataCollective, Redpoint and DFJ, and Angelpad, where they were incubated.
DroneDeploy offers a Cloud platform to simplify commercial drone operation. They are enabling farmers, contractors and researcher to create aerial maps, and 3D models of their operation with just 2 taps on a smartphone.

DroneDeploy launches their 4G powered drone control product out of beta, making it available to commercial customers.
There is a lot of buzz around drones, but current commercial solutions are very complex and difficult to activate. Software hasn't caught up with the hardware and there is no way to coordinate between drones.
As a result, even the savviest business owners can't take advantage of this tremendous opportunity. DroneDeploy is the first software that makes drones simple to use tools. Their cloud-native makes drones smarter, and an onboard cellular connection means data acquisition is seamless, with data automatically uploaded to the cloud and processed.
Farmers, contractors and researchers are already using DroneDeploy as an easy-to-use solution to get real-time data from drones. The platform is a web-app so can be used on computers, tablets or smart device to help make smart business decisions.
Farmers and agronomists are some of the first users of DroneDeploy, who are using drones, to boost yields, investigate crop stress, and increase overall efficiency. The DroneDeploy platform enables them to get a drone in the air, and receive their results within 30 minutes.
Contractors and Surveys are also adopting the technology to perform site assessments and attain high precision maps. The drones are able to fly, take pictures, and even assess the pictures for blur, before automatically processing the data to create maps and 3D models. Contractors can then instantly share the data with clients to approve of progress.
DroneDeploy have raised a $2million seed led by SoftTech VC, with DataCollective, Redpoint and DFJ, and Angelpad, where they were incubated.
Led by CEO Mike Winn, with founders, Nick Pilkington and Jono Millin, the company graduated from Thomas Korte's Angelpad in May 2013 and has grown to nine employees.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors