SwissDrones, a leader in aerial intelligence, has successfully completed its Series B equity growth funding round, raising over USD 10 million. The round saw contributions from new investors such as aviation-focused DiamondStream Partners and Chevron Technology Ventures, alongside continued support from Ingleside Investors and existing shareholders. The funding round closed on April 2, 2024.
This significant financial infusion will bolster SwissDrones' capabilities in delivering solutions that integrate long-range unmanned helicopters, aviation-grade flight operations, and large-scale data analytics. These solutions are vital for applications in public safety, search and reconnaissance, and infrastructure inspection on a global scale.
"We are excited to close this round with such high caliber investors now joining our growth journey," remarked Ulrich Amberg, CEO of SwissDrones. "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 at Chevron’s Technical Center and President of Technology Ventures, emphasized 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," Gable stated. "This is the latest investment from our Core Fund, which focuses on high-growth startups and breakthrough technologies that have the potential to enhance Chevron’s core oil and gas businesses, as well as create new opportunities for growth."
The funding is expected to accelerate SwissDrones' development and deployment of its aerial intelligence solutions, further positioning the company as a leader in the space.
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