DroneDeploy Secures $20 Million Series B Funding

DroneDeploy, a leading cloud software platform for commercial drones, today announced the company has raised $20 million in Series B financing led by Scale Venture Partners, bringing its total amount of funding to $31 million.

As part of the financing, Rory O’Driscoll, who sits on the board of Box, DocuSign and several other high profile companies, will join DroneDeploy’s board of directors.

The round also includes participation from existing investors and High Alpha Capital, which is led by ExactTarget co-founder and former CEO, Scott Dorsey.

Since its inception in 2013, DroneDeploy, which makes drones accessible and productive tools for anyone, has grown aggressively. It recently announced that its users had mapped more than 5 million acres – equivalent to the country of Wales – across 130 nations. The amount of data generated by their users is doubling every 4 months, evidence that the commercial drone market is real and growing extremely fast.

“2016 was a tipping point for commercial drones. Businesses in every industry are leveraging drones and our software, and seeing that easy to capture, aerial data enables faster and better decisions,” said Mike Winn, co-founder and CEO of DroneDeploy. “With next week’s passing of the FAA Part 107, enterprises are moving quickly to prepare their workforces to leverage drones company-wide.”

DroneDeploy will use the funds to accelerate its market penetration, develop additional enterprise features and enable businesses to extract even deeper insights. The new round comes just ahead of the August 29 implementation of Part 107, the FAA’s operating rules for commercial drones. Part 107 is expected to unleash a new tidal wave of drone adoption as it dramatically simplifies the requirements for businesses to comply.

“DroneDeploy takes the most successful software business model of the past decade, SaaS, and applies it to one of the most exciting growth trends in technology today, the rapid adoption of commercial drones,” said Rory O’Driscoll, Partner at Scale Venture Partners. “Couple that with an extensible SaaS platform that meets the needs of many industries, an extremely passionate user community and high growth velocity, and they are well positioned to drive drone adoption in the enterprise. DroneDeploy has a compelling cloud service that is facilitating a number of exciting use cases worldwide that simply would not be possible with manned aircraft or satellites.”

O’Driscoll has played a key role in past cloud enterprise software success stories, including Omniture and ExactTarget. The board also includes Kevin Spain of Emergence Capital, which invests in enterprise cloud visionaries, such as Salesforce, SuccessFactors and Yammer.

Scott Dorsey, managing partner for High Alpha Capital, which also joins the round, stated, “We are delighted to invest in DroneDeploy along with some of the industry’s leading SaaS investors. We see enormous opportunities at the intersection of SaaS and commercial drone applications, and are thrilled to be partnering with the DroneDeploy team to build the definitive market leader.”

Topics:

Leave a Reply

Business Management Stories
John Deere Dealership
Business ManagementAg Retailer, Equipment Dealer Improve Service By Working Together
January 27, 2017
Some believe that in many aspects of life, timing is everything. Among those believers, please count Randy Bartholomew, Integrated Solutions Read More
Sonny Perdue
Business ManagementAg Tech CEOs Weigh In On Trump’s Pick For Ag Secretary
January 20, 2017
With President-Elect Donald Trump’s selection of Sonny Perdue as the new proposed Secretary of Agriculture, it brings a new set Read More
Terry Griffin
Business ManagementUsing High Tech To Make Farm Decisions
January 17, 2017
Raj Khosla, professor of precision agriculture at Colorado State University, challenged farmers to think about how far the technology of Read More
Business ManagementCNH Names Danford Industry Relations Manager
January 17, 2017
Dan Danford has been named Industry Relations Manager, Precision Solutions and Telematics (PS&T), for CNH Industrial, parent company of agricultural Read More
Trending Articles
Connected Farm Scout Trimble Agriculture - featured image
Decision Support Software17 Field Scouting Apps For Precision Agriculture
February 6, 2017
There are dozens of easy-to-use mobile apps that are ideal for every day field scouting tasks. From record keeping and Read More
John Deere Dealership
Business ManagementAg Retailer, Equipment Dealer Improve Service By Working Together
January 27, 2017
Some believe that in many aspects of life, timing is everything. Among those believers, please count Randy Bartholomew, Integrated Solutions Read More
Innovation SeriesPrecision To Lead Agriculture In 2017?
January 25, 2017
Another new year is upon us! And I’m certain I speak for many in the agricultural world when I say Read More
Terry Griffin
Business ManagementUsing High Tech To Make Farm Decisions
January 17, 2017
Raj Khosla, professor of precision agriculture at Colorado State University, challenged farmers to think about how far the technology of Read More
PrecisionAg.com featured image
ProfessionalsWelcome to the Newly Enhanced PrecisionAg.com
December 29, 2016
Talk a quick look around our website and we hope you’ll notice it’s significantly different as we head into 2017 Read More
Ryan Raguse and Matthew Grassi
ProfessionalsIndustry Executives Talk New PrecisionAg Professional Brand
December 19, 2016
EFC Systems President and CEO Ernie Chappell Myriad Mobile Cofounder and Chairman Ryan Raguse Read More
Latest News
GuidanceTopcon Launching New X35 In-Cab Display Console
February 27, 2017
Topcon Agriculture introduces the new X35 — the next generation in the X-Family of touchscreen displays with advanced functionality. Designed Read More
Brazilian Agriculture
Ag Tech GlobalInside The Life Of A Precision Ag Consultant In Brazil
February 27, 2017
Editor’s note: Maurício Nicocelli Netto is a Precision Ag Consultant in Brazil. While he has witnessed a lot of growth in Read More
Professor Simon Blackmore
Ag Tech GlobalUK Professor: Name Change Needed For ‘Precision A…
February 24, 2017
‘Accurate farming’ would be more apt than ‘precision agriculture’ to describe this agricultural practice, says professor Simon Blackmore of Harper Read More
EventsInnovation Series 2017 Quick Thoughts: Gaining Ground
February 23, 2017
If you’ve been following past coverage of our PrecisionAg® Media Innovation Series events, this column is going to sound a Read More
UNL Researchers
ProfessionalsPrecision Agriculture Makes Farming More Sustainable, P…
February 23, 2017
Farmers have numerous sources of technology and data available to use in their operations, but many producers struggle with what Read More
Ag Tech GlobalSciFi in Ag: What do North Dakota, Peru, and Mars Have …
February 23, 2017
In early 2016, I was lucky enough to hike the Salkantay Mountain range in Peru. It’s about a 50 mile Read More
Sentera drone
DronesPrecision Ag Professionals Will Find Advice, Applicatio…
February 22, 2017
The upcoming ASCEND Conference & Expo will deliver practical information about using drones to improve processes in precision agriculture. ASCEND Read More
Case IH - AFS AccuStar and UAV Offering - Magnum MX210 AccuStar Receiver
DronesCase IH Adds New GPS Solution, UAV Package To AFS Offer…
February 21, 2017
Driven by the growing demand for efficient data management, the latest Advanced Farming Systems (AFS) solutions from Case IH help Read More
Mobile Phone in field
Systems ManagementBayer Enters Farm Recommendations Arena With Yara Colla…
February 20, 2017
Crop protection and ag biotech giant Bayer and fertilizer producer Yara International ASA have entered into a software collaboration and Read More
Hort TechGrowingProduce.com: Smart Vineyards Set to Revolutioniz…
February 17, 2017
Phil Asmundson is by no means a veteran viticulturist, but a half-dozen years ago, after watching his wife and business Read More
Soil testing
Data ManagementOpinion: Soil Testing Needs Sensors To Get More Accurat…
February 17, 2017
We are entering a very exciting time in agriculture. With so many great software platforms and data collection tools we Read More
Australian Harvest
Decision Support SoftwareGarden City Co-op Added as MZB Regional Mapping Center;…
February 17, 2017
Garden City Co-op (GCC), through a retailer agreement, has been using MZB Technologies as their precision ag platform for a Read More
DronesLand O’Lakes Drone Challenge Crowdsourcing Compet…
February 17, 2017
Land O’Lakes, Inc. is calling on innovators from the tech industry to enter the Land O’Lakes Prize: Drone Challenge, a Read More
DronesDrone Startup Hits VC Jackpot: Skyward Acquired by Veri…
February 16, 2017
Building on its strategy to drive innovation and adoption for IoT services in high-growth markets, Verizon today announced that it Read More
GuidanceCase IH Launches AccuTurn Automated Headland-Turning Te…
February 15, 2017
New AccuTurn automated headland-turning technology from Case IH takes the guesswork out of turning on headlands, which gives you improved Read More
ProfessionalsDeere Details New Connect Mobile App, C850 Air Cart
February 15, 2017
To help growers monitor, adjust and learn from the performance of their planter or sprayer while it moves through the Read More
drones, UAVs, DJI, Aerial Imagery
DronesNDVI Imagery Under $5K? Sentera Outfitting DJI Phantom …
February 15, 2017
Sentera today announced its ability to convert a DJI Phantom 4 Pro drone into a precision scouting tool that collects Read More
Wheat sunrise
Systems ManagementNew Holland Announces New Product Launches
February 15, 2017
New Holland Agriculture expands its product offering with the introduction of three Precision Land Management technologies, PLM Drone Data Management, Read More