Australian startup Emesent has scooped up an impressive $23 million (AUD 32 million) in Series A funding to take its autonomous drone mapping and analytics tech to new markets across the globe.
The oversubscribed funding round was led by Australian investment firm Perennial Partners, with significant participation from international investors Tiger Global and TELUS Ventures. Investors from the startup’s seed round, Main Sequence and Archangel Ventures, also contributed.
While the fresh cash infusion will help Emesent to achieve its rapid global growth targets faster, it’s worth mentioning that the drone autonomy company already boasts more than 300 customers in 40 countries.
According to Emesent cofounder and CEO, Dr Stefan Hrabar, the funding would be used to double the size of the engineering team, especially in the area of data analytics.
We’re also building state-of-the-art manufacturing, calibration, and test facility near our Brisbane…