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Drover AI Lands $5.4M Series A Round

2022-08-02
BIG SKY, MT, Drover AI announces that it has closed on a $5.4 million Series A funding round.
The round was led by Vektor Partners and with follow-on participation from Seed investors including Avesta Fund, Masik Enterprises and Kurt Jaggers. They join existing investor 500 Global to support the scale up of its innovative solutions for computer vision and artificial intelligence in micromobility.

Drover specializes in advanced AI-based IoT solutions for last-mile transportation designed to elevate the performance of fleets while exceeding the regulatory requirements of the cities that host them. Drover's product, PathPilot, delivers cost-effective granular infrastructure distinction even in the absence of often unreliable GPS data allowing for unparalleled location awareness and the ability to take corresponding actions. Drover enables a safe and intelligent experience through technology in order to help ensure the long-term success of micromobility as a sustainable and integral part of urban transportation.
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