raises legitimate Industrial drone company Kespry raises $31 million

Industrial drone company Kespry raises $31 million.
Industrial drone platform provider Kespry has raised $31 million in a series C round of funding led by G2VP, with participation from Cisco Investments, Shell Technology Ventures, Lightspeed Venture Partners, DCM Ventures, Spectrum 28, and H. Barton Asset Management.

Founded out of Menlo Park in 2013, Kespry targets industries such as mining and construction with an automated system that uses unmanned aerial vehicles (UAVs) to capture and process imagery of sites from the skies above. The system includes everything needed to complete the inspection, including the drone and an iPad, and the user can draw out an area for analysis with their finger. The Kespry drone then works out a flight path and does the rest, with on-board lidar sensors helping it avoid any obstacles it encounters. It also taps AI and machine learning to deliver analytics and insights based on its findings.

Above: Kespry platform in action

Up until now, Kespry had raised around $38 million in outside funding, and with its latest cash infusion it plans to invest in sales, marketing, and R&D. The company also said that it plans to expand into more industries, including the energy utility sector.

raises legitimate Industrial drone company Kespry raises $31 million
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Science & Technology	Upload TimePublished on 5 Dec 2017

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