TempoCap leads $12.1m Funding Spherical for Dedrone – Drones Information
Dedrone, the global airspace security market and technology leader protecting businesses from malicious drones, announced today that it has raised $ 12.1 million (£ 9.1 million) in funding.
San Francisco-based Dedrone was founded in 2014 and is backed by investors including Felicis Ventures, Menlo Ventures and John Chambers, Cisco Systems Chairman Emeritus and Founder of JC2 Ventures.
The funding round is led by TempoCap, a leading European technology investment company with a proven record of investing in security technology and fast-growing software companies. TempoCap supports ambitious founders and supports large companies in mastering real challenges with clear technological differentiation.
Following this successful investment, Dedrone will accelerate the development of its world-class platform that provides early warning, classification and defense against drone threats. The Dedrone platform is a complete counter-drone solution for the detection and classification of drone-based threats. The Dedrone system detects approaching drones with the help of radio sensors and special camera and radar systems, the data of which are processed by the intelligent DroneTracker software.
Commenting on the investment, Aaditya Devarakonda, CEO of Dedrone, said: “Drone technology has made tremendous advances in the past few years and today, drones are instrumental in surveying, disaster relief, delivery and countless business and consumer applications. The accessibility, capabilities and ease of flying a drone that is in the wrong hands make it particularly useful for hacking, surveillance and terrorism. “
“Quite simply, this is cutting edge technology that is making a massive difference to governments, businesses and the critical national infrastructure,” said Olav Ostin, TempoCap’s Managing Partner. “It’s a fast growing market and we’re investing in the best company in the sector.”
Philipp Meindl, Investment Partner at TempoCap, added: “Thousands of people and organizations have felt the effects of the illegal use of drones. Unfortunately, this is a threat that will become more common as drones become more prevalent. We look forward to tackling this challenge head on. “
Dedrone is the market leader in airspace security. Dedrone’s counter-drone system is trusted by critical infrastructure, government operations, military resources, correctional facilities and businesses to protect themselves from unauthorized small-scale drones. Dedrone’s SaaS technology offers the flexibility to host in the cloud or on-premise, and combines machine learning software with world-class sensors and effectors to warn, classify and mitigate all drone threats early on. Dedrone systems are used by hundreds of customers worldwide. Dedrone was founded in 2014 and is headquartered in San Francisco. The company operates in Washington, DC, Columbus, Ohio, London and Germany. For more information on Dedrone and to reach out to our drone subject matter experts, visit dedrone.com and follow @Dedrone on Twitter.
TempoCap is a leading European technology investor in fast growing companies. TempoCap offers primary capital for companies to accelerate growth as well as attractive and flexible liquidity solutions for sellers (entrepreneurs, venture capitalists, companies). In addition to individual investments, funds advised by TempoCap invest secondary direct investments by buying entire investment portfolios from various types of investors, including venture capital funds, companies, banks or prominent business angels. Further information is available at https://www.tempocap.com/.