- Published: 19 June 2020 19 June 2020
DroneBase has announced it has raised $7.5 million in Series C funding and has expanded its services to the renewable energy market with its new platform DroneBase Insights for wind and solar, and has founded DroneBase Europe in Germany.
New investors Valor Equity Partners and Razi Ventures join Union Square Ventures (USV), Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capital, and DJI in the round, bringing the total funding to $32 million.
To service renewable energy companies, DroneBase Insights for Wind allows customers to use drones to inspect a wind turbine’s components through an autonomous flight system. Trained on a large database of turbine imagery, the platform leverages machine learning algorithms to pre-screen images without damage and focus customers’ attention on potential issues.
DroneBase’s first international office in Germany will expand its ability to support current customers with assets in Europe, while introducing its capabilities to new clients.