December 17, 2021
Counter-drone systems maker Dedrone has announced closing a $30.5 million Series C financing round, led by Axon. The company said the funding comes on the heels of a strong year of growth, with more than 1,000 sensors sold, and a system that can now detect, identify, and locate more than 200 different drone types.
Dedrone uses advanced artificial intelligence and machine learning technology to analyze and fuse data from multiple sensors to detect, identify and track drones. The airspace security solution also gives users advanced data analytics and mitigation functionality, with the ability to quickly react to the largest variety of drones from more than 65 manufacturers, including homemade drones without decoding telemetry data.
“Drone detection and tracking is highly complex and we are seeing more and more instances of drones being used for nefarious purposes, including the first known drone-based terrorist attack on U.S. soil last year,” said Aaditya Devarakonda, CEO of Dedrone. “This investment demonstrates clear validation of Dedrone’s technology and team. Axon is a tremendous strategic partner for delivering airspace security to the public safety sector.”
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Axon launched its end-to-end drone solution, Axon Air, in 2018, which delivers secure wireless live streaming, integrated evidence management, and program management to improve operational efficiency and outcomes for public safety agencies.
“The drone economy is flourishing, and Dedrone is very much at the heart of it, providing critical protection to organizations around the world and keeping communities safe,” said Rick Smith, founder and CEO of Axon. “Axon is proud to support Dedrone’s solution as it offers unmatched technology in airspace security.”
Additional investors in the financing round include previous investors Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners, TemoCap and John Chambers (Chairman Emeritus of Cisco Systems, and founder of JC2 Ventures). Dedrone has deployed systems across 33 countries, and is used by the governments of four G-7 nations, nine U.S. federal agencies, including the Department of Defense, and helps protect more than 65 critical infrastructure sites, 20 airports, 50 correctional facilities and 10 Fortune 500 companies.
For more details on the Dedrone system, visit its website here.