UAS Technology Company Raises $10M in Series A Financing

Posted by Betsy Lillian on October 23, 2014 No Comments
Categories : Business Operations

Kespry Inc. – a Menlo Park, Calif.-based developer of commercial-grade aerial data capture, analysis and visualization systems – says it has raised $10 million in Series A financing, led by Lightspeed Venture Partners.

Kespry, founded in 2013, received initial backing from Chmod Ventures. The new funds will finance go-to-market activities and further development of a drone system that allows businesses to collect, analyze and evaluate aerial imagery, says Kespry.

“With the strong backing of Lightspeed, we are ready to accelerate our sales to customers in construction, agriculture, mining and other markets,” says Paul Doersch, CEO of Kespry.

“In building a powerful off-the-shelf system to deliver aerial information, Kespry is well positioned to accelerate the commercial adoption of drones,” adds John Vrionis, general partner at Lightspeed. “Kespry is all about allowing commercial enterprises to focus on useful visual imagery, not the underlying details of operating drones safely and reliably.”

Kespry says it has integrated high-performance computing power in its drone – enabling onboard use of a modern programming environment, advanced sensor processing algorithms, and high throughput wireless communication between the drone and the cloud.

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