moneymaker drone industry

Multiple drone funding rounds promise growth, despite recession talks

Recession? It’s likely not happening in the drone industry if these drone funding rounds are any indication. In July 2022, three major funding rounds were recorded among drone-related startups.

This summer’s news follows in big footsteps. 2021 was a record-breaking year for the drone industry when investment dollars nearly tripled that of 2020. Yet perhaps even more surprising is that investment in drone companies has set fresh records every year since 2013, according to data tracked by German-based drone analytics and research group Drone Industry Insights.

drone funding rounds

So with that, here are some of the biggest drone (and drone-adjacent) startups that received investor funding this July:

drone funding rounds Censys
Photo courtesy of Censys Technologies

Censys Technologies: $8 Million

Censys Technologies Corporation, a remote sensing solutions company based in Daytona Beach, Florida, announced the closing of its Series A funding round of $8.3 million on July 5.

Censys is working in the Beyond Visual Line of Sight (BVLOS) space to build remote sensing packages that help drones collect data for infrastructure, agriculture, public safety and more. The company said it wants to use the money to expand from simply being viewed as a drone company, to a full “airborne intelligence company.” It’s not totally clear what that means, though the company said it intends to brings together software and hardware solutions in the quest of “bringing the world closer to omniscience of assets.” Again, bizarre wording, but interesting.

Perhaps more relatable and specifically, Censys also says it will adapt how customers shop via a subscription model. Additionally, the company intends to pursue Type Certification, to allow its drones to fly over buildings and roadways without special permissions.

drone funding rounds Wonder Robotics
Photo courtesy of Wonder Robotics

Wonder Robotics: $4 Million

Israel-based Wonder Robotics announced the closing of a $4 million fundraising round. Wonder is a technology company specializing in the autonomous flight and landing of commercial drones, and the company said it intends to use the money to scale up operation and marketing efforts, while developing technology for additional applications.

Its tech is set to play a pivotal role in operating drones beyond visual line of sight (BVLOS) — or at least the end of those flights. Its “WonderLand” for precise autonomous landings can be installed on any drone and is designed to better help drones land, even outside the operator’s visual line of sight.

It currently works in a partnership with Spright, which is the new drone division of Air Methods, in its efforts to delivery medical supplies via drone.

Dedrone: $30 Million

This one is more anti-drone than drone, but we’ll take it. Airspace security company Dedrone on Wednesday announced that it had closed $30 million in a Series C-1 financing round. Led by public safety technology company Axon, this latest funding comes on the heels of the company’s $30.5 million Series C in December 2021.

The San Francisco-based startup said it intends to build a second office in California and perhaps more worldwide, while also using the money to improve its multi-sensor fusion airspace security solution.

Dedrone builds products designed to detect, identify, track and mitigate drones that are flying where they aren’t supposed to be, whether over a major city parade where it could pose a safety hazard, to flying in secure areas where it’s a security threat.

The company already is capable of detecting nearly 300 different drone types across more than 65 different manufacturers, and it operates in 36 countries including four of the G-7 nation governments and nine U.S. federal agencies.

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