DroneBase, a drone operations company based in Los Angeles, has raised $12 million in Series B funding to expand its drone operations services for enterprises.
Union Square Ventures (USV) and Upfront Ventures co-led the round alongside DJI and new investors Hearst Ventures and Pritzker Group. This brings DroneBase’s total funding to more than $17 million.
“DroneBase has addressed two key challenges in the industry by providing reliable, affordable and scalable drone services for enterprises across industries while offering opportunities for pilots of all skill sets with purposeful reasons to fly their drones,” says Jan Gasparic, head of enterprise partnerships at DJI. “This round marks DJI’s third investment in DroneBase through SkyFund – which demonstrates our confidence in their continued success in an industry that, while growing at a rapid pace, is just at the beginning of realizing its full potential.”
DroneBase says it recently reached over 100,000 commercial drone missions for enterprise clients across various industries, such as real estate, insurance, telecommunications, construction and media. The company notes it is able to turn around a client mission in less than 48 hours anywhere in the U.S. because its pilots are active in all 50 states and over 60 countries. DroneBase recently launched the DroneBase Pilot App on Android in the Google Play store.
With the new funding, DroneBase will focus on expanding its enterprise offering to include AirCraft Pro, augmented reality (AR) technology for both recreational and commercial drone use. Available later this year, AirCraft Pro will enable companies to use the AR technology for a wide variety of use cases, says DroneBase.
Dan Burton, co-founder and CEO of DroneBase, says, “We’re advancing how drones can make enterprises more efficient, and this new funding will allow us to make AirCraft Pro a reality.”
DroneBase also plans to innovate its platform and API, which offers customers a way to send orders directly into DroneBase’s workflow. DroneBase is also integrated with LAANC – the Federal Aviation Administration’s prototype Low-Altitude Authorization and Notification Capability – through a partnership with AirMap.
“Today, Los Angeles is the epicenter for innovation in aerial technology, and DroneBase is the leader in acquiring aerial imagery and data,” says Greg Bettinelli, partner at Upfront Ventures and a DroneBase board member. “We believe DroneBase will own the operations and infrastructure of the drone ecosystem and be able to serve clients across every industry as a result.”