METS

Drone leader adds $15M to treasury

Silicon Valley venture capital firm US Venture Partners has got behind a US$15 million fund-raising by Israel-based industrial drone company Percepto, which wants to expand globally in energy, mining and oil and gas, and increase spending on R&D.

Staff reporter
Drone leader adds $15M to treasury

According to Percepto, the mining industry "has been one of the fastest to integrate drone technology into operations at scale".

USVP claims to have invested more than $3.8 billion in 490 companies.

Percepto says it's raised $27.5 million to date - about one-quarter of the investment so far in another "drone-in-a-box" company, Airobotics, which is trying to make significant sales breakthroughs in mining and other markets.

South Korean investor NHN, San Francisco-based Spider Capital and Israel seed capital firm Emerge also took positions in Percepto in its latest fund-raising round. Percepto said previous investors included R&R Venture Partners and Hyundai Motors.

It said the global commercial drones market "has a projected value of over $17 billion by 2026".

USVP partner Dafina Toncheva said Percepto had impressive technology, "the right go-to-market strategy and an excellent team".

 

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