DroneBase Raises $7.5M

Capture 1

DroneBase, a professional drone service company headquartered in Santa Monica, California, is bullish on the future of drones. The company offers pilot training and jobs across the U.S. and is now expanding to Europe, and they recently raised over $7 million in funding.

DroneBase CEO Dan Burton writes, “We’re excited to announce that DroneBase has raised $7.5 million in Series C funding to expand our services to the renewable energy market with DroneBase Insights for Wind and Solar, and to found DroneBase Europe in Germany. New investors Valor Equity Partners and Razi Ventures joined Union Square Ventures (USV), Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capital, and DJI in the round, bringing total funding to $32 million.

DroneBase Insights for Wind enables energy companies to use drone technology to inspect a wind turbine’s vital components through an autonomous flight system, which offers consistent data, actionable insights, and lifecycle management. Trained on a large database of turbine imagery, the platform leverages machine learning algorithms to pre-screen images without damage and focus customers’ attention on potential issues.

DroneBase’s expansion into renewable energy reflects our belief in the growth potential of the wind and solar energy industries. Since many energy companies have both wind and solar assets, we are well positioned to leverage our DroneBase Insights platform to grow our global market share in renewable energy.

DroneBase Insights for Solar, through our thermal pilot network trained by the FLIR Infrared Training Center, gathers accurate data allowing enterprises to collaborate and share thermal analysis efficiently amongst team members.

Drones and manned aircraft gather high-definition imagery quicker than traditional inspection methods, allowing renewable energy companies to minimize downtime and maximize energy production, while keeping people out of harm’s way.

Another major milestone for DroneBase and a point of focus in this next stage of growth is the opening of our first international office in Germany. This will allow the company to expand our ability to support current customers and global energy partners with assets in Europe.

Harnessing over six years of product development and operational excellence, we look forward to offering the same level of drone services and analytics to overseas companies in industries spanning insurance, construction, real estate, and media.”

[embedded content]

Read the original article