DroneDeploy says it has closed a $35 million Series D funding round led by Bessemer Venture Partners. Bessemer partner David Cowan, a 14-time Midas list investor, will join the DroneDeploy board.
“Drones are transforming how field workers safely and accurately survey job sites across industries in construction, agriculture, energy and more,” says Cowan. “At Bessemer, we see drone solutions as a major opportunity in a $6 billion global market, and DroneDeploy is the clear software category leader. The world’s largest drone deployments rely on their technology, and we’re excited to help bring the value of their platform to companies around the world.”
The funding comes on the heels of a period of rapid momentum for DroneDeploy. The company recently announced entry into the drone inspections market at its annual conference in San Francisco. It also announced new partnerships with Airbus and drone hardware maker Skydio. This latest round brings DroneDeploy’s total funding to $90 million; additional participating investors in this round included Energize Ventures, AirTree, Emergence Capital, Scale Venture Partners, and Uncork Capital.
“Businesses of every size are turning to DroneDeploy to enable them to make better decisions,” says Mike Winn, co-founder and CEO of DroneDeploy. “We’re proud our software delivers faster, safer and more accurate insights over the one million flights our customers perform every year. This investment is a reflection of the growth of commercial drones in the enterprise and will help us deliver on the promise of automated drone use across every industry.”
DroneDeploy will use the funding to expand internationally, move into new industries, and further build out its suite of offerings for customers.