DroneDeploy Raises $9M; Series A Funding Led by Emergence Capital
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Drone Software Solution Provider Will Invest Funds to Grow Its Product Offerings and Expand to More Platforms and Industries
SAN FRANCISCO, CA -- (Marketwired) -- 03/31/15 -- DroneDeploy, a start-up that provides cloud-based software solutions for commercial drone operations, announced today that it has raised $9 million in Series A funding led by Emergence Capital, with participation from previous investors SoftTech, DataCollective and Angelpad. The investment adds to the $2 million in seed funding the company received in September 2014 and is a strong signal that backers are confident the start-up can continue its impressive growth. DroneDeploy will use the funds to adapt its software to more drone platforms, and launch additional products in several industries, such as agriculture, construction, mining, and real estate.
"The commercial drone industry is poised for rapid growth as we continue to see companies and regulatory bodies respond to the value that drone technology can generate," said Kevin Spain, General Partner, Emergence Capital. "DroneDeploy's software solutions are unique in their ease-of-use, speed with which they generate data, and ability to leverage the cloud to instantly deliver critical information to users' smartphones and tablets."
As part of the transaction, Kevin Spain, General Partner with Emergence Capital, will join DroneDeploy's board, which also includes Jeff Clavier from SoftTech.
"The introduction of our mobile software is an inflection point for drone applications. Previously, commercial drones required domain expertise, and many hours to process data. DroneDeploy recognizes that for drones to be truly useful for commercial applications they need to be easy-to-use tools, that quickly deliver value," said company co-founder and CEO, Mike Winn. "DroneDeploy has the first push-button solution for the industry, and the only solution that can deliver maps while the drone is still in flight. Our users are farmers, contractors and mining companies that are leveraging DroneDeploy solutions for their combination of speed-to-data, accessibility, and affordability previously impossible."
About DroneDeploy Founded in 2013, DroneDeploy is a San Francisco-based start-up that provides cloud control software solutions for drones that include automated flight safety checks, workflows, real-time mapping and data processing. The company has partnered with leading drone manufacturers, including DJI, 3D Robotics and AgEagle, to provide its software to end users in a variety of industries, including agriculture, real estate, mining, construction and many other commercial and consumer arenas. www.DroneDeploy.com
About Emergence Capital Emergence Capital (@emergencecap), based in San Mateo, Calif., is the leading venture capital firm focused on early and growth-stage enterprise cloud companies. Its mission is to invest in the cloud visionaries who are building the most important business applications. The firm's investments include companies such as Salesforce.com (CRM), SuccessFactors (SFSF), acquired by (SAP), Veeva Systems (VEEV), Yammer (acquired by Microsoft), and Box (BOX). More information on Emergence Capital can be found at http://www.emcap.com.
PR Contact: Drone Deploy Email: [email protected]
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