Investment to Boost Global Expansion and Technological Capabilities in Unmanned Helicopter Systems
SwissDrones, a leading aerial intelligence company, has successfully closed its Series B equity growth funding round, amassing over USD 10 million. This significant financial boost comes from a diverse group of investors, including aviation-focused DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, and continued support from existing shareholders. The transaction was finalized on April 2, 2024.
The funds from this round will be utilized to enhance SwissDrones’ integrated offerings that combine long-range unmanned helicopters, aviation-grade flight operations, and large-scale data analytics. These solutions are crucial for applications such as public safety, search and reconnaissance, and infrastructure inspection on a global scale.
Ulrich Amberg, CEO of SwissDrones, expressed his enthusiasm about the partnership with high-profile investors, stating, “We are excited to close this round with such high caliber investors now joining our growth journey. 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.”
Jim Gable, Vice President of Innovation in Chevron’s Technical Center and President of Technology Ventures at Chevron, highlighted the strategic fit of SwissDrones within Chevron’s investment portfolio. “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,” he said. “This is the latest investment from our Core Fund, which focuses on high-growth startups and breakthrough technologies that have the potential to improve Chevron’s core oil and gas businesses, as well as create new opportunities for growth. We welcome SwissDrones to the portfolio.”
SwissDrones has established itself as a key provider of aerial intelligence solutions, enhancing operational efficiency, cost-effectiveness, and sustainability in sectors like energy infrastructure, emergency & safety, and environmental management. This funding round marks a pivotal step in the company’s expansion and technological advancement.
Read more:
- SwissDrones Scores Another Funding Round for Uncrewed Helicopter Systems
- SwissDrones Flies in Malta: BVLOS Flights Over Water
- FAA Grants Phoenix Air Unmanned Waiver for BVLOS Flight with Swiss Drones Uncrewed Helicopter
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.
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