SwissDrones closes Series B worth over $10m
SwissDrones' remotely piloted aircraft system the SDO-50 is capable of carrying two sensors weighing up to 45kg on missions lasting over three hours. (credit: SwissDrones)
SwissDrones has this week closed its Series B funding round, securing over $10m from investors.
The equity growth will advance the aerial intelligence company’s ability to deliver its integrated solution combining long-range unmanned helicopters and large-scale data analytics. Participants included DiamondStream Partners, Chevron Technology Ventures and Ingleside Investors, as well as a continued commitment from existing shareholders. The transaction closed on April 2, 2024.
“We are excited to close this round with such high caliber investors now joining our growth journey,” said Ulrich Amberg, CEO of SwissDrones. “The proceeds will be deployed to further expand our global footprint to address the tremendous market demand for our integrated solutions from corporates and public sector entities around the world.”
The investment is the latest from Chevron’s Core Fund, which focuses on high-growth startups and breakthrough technologies that have the potential to improve Chevron’s core oil and gas businesses, or create new opportunities for growth.
Jim Gable, vice president of Innovation in Chevron’s Technical Center and president of Technology Ventures at Chevron said: “With a solution that is designed to gather data more efficiently at lower cost and with less risk to workers, SwissDrones can enable advanced field operations and improved safety.”
SwissDrones’ solutions are designed for crucial applications in public safety, search & reconnaissance and infrastructure inspection. The company has approvals to operate in dozens of countries globally, including Australia alongside partner Xplorate.
