BetterView, a San Francisco-based provider of drone imagery solutions for businesses, says it has closed a $1.55 million fundraising round, led by Arena Ventures, Metamorphic Ventures and other angel investors, including 500 Startups, Haystack, MetaProp NYC and Router Ventures.
Founded in late 2014 by technology and insurance industry veterans David Lyman and David Tobias, BetterView says it provides comprehensive data analysis, inspections and quote assessments – particularly within the insurance, real estate, construction, building and property management sectors.
Co-founder/CEO Lyman says, “The ability to economically capture and analyze aerial imagery to make better business decisions is going to grow massively over the next few years.”
According to the company, the funding will be used primarily to build out the operations, engineering and sales team, as well as fuel growth as businesses become more reliant on drone-based technology in the future.
“The need for faster, smarter and more comprehensive aerial imagery data is unprecedented in these industries,” explains David Hirsch, managing partner of Metamorphic Ventures. “BetterView is uniquely positioned to serve as a critical part of the analysis and decision-making process for businesses of all kinds within these sectors.”