DroneBase Investment $20 Million for Renewable Energy
by DRONELIFE Staff Writer Ian M. Crosby
DroneBase, the leader in Intelligent Aerial Imaging, has raised a further $20 million in just under five months after bringing in $12.5M in its Series C round, with the new round led by Euclidean Capital. The funding will enable the company’s continued rapid global expansion in the renewable energy industry and other industries with high-value infrastructure.
Previous investors such as Union Square Ventures, Upfront Ventures, Energy Transition Ventures, Hearst Ventures, Pritzker Group Venture Capital, and Valor Equity Partners also made contributions to the raise.
“We’ve seen a significant shift in the intelligent imaging industry in the last six months; the industry has consolidated with several companies unable to compete globally or unable to find the right combination of software and deep vertical expertise,” said Ashvin Chhabra,…