December 20, 2021
SkySafe has announced it raised $30 million in a Series B investment to help further accelerate the company’s growth to expand production of its airspace security system for commercial adoption. The investment was led by Kingfisher Investment Advisors, with participation from new investors Gaingels and Castor Ventures. The company said it has raised $45 million in total financing.
The SkySafe system applies advanced radio technology, reverse engineering and deep threat analysis to provide the infrastructure needed for the commercial drone industry. The system delivers in-depth airspace awareness, differentiating authorized drones from those that may pose a threat. The modular hardware and software can be tailored to specific regulatory environments to protect public spaces from potential drone threats. It also supports the adoption of commercial drone use for surveying, disaster relief, delivery, hobbyists, and other consumer applications.
According to the FAA, there are more than 900,000 drones registered in the U.S. today, with nearly 3.5 million total drones currently in use. The commercial drone market globally is projected to reach $58.4 billion by 2026.
“As our airspace gets more crowded with drones, it becomes increasingly difficult to ensure those flying over our airports, stadiums, borders and other public spaces are authorized to be there,” said Grant Jordan, founder and CEO of SkySafe. “SkySafe has created an airspace awareness system for drones to offer visibility, accountability, and ultimately safety. Without this infrastructure for drones, it’s difficult to build public trust and scale commercial use. It’s critical to adoption as drones increasingly become important tools for things like utility inspections, airline maintenance, delivery, and aerial photography.”
Founded in 2015 by Jordan, a former U.S. Air Force Officer, along with fellow MIT alumni Scott Torborg and Michael Spindel, and co-founder Paul Wicks, SkySafe said it has scaled quickly and reached profitability in 2020. The company’s drone forensic data extraction technology has evolved to include the development of a fixed, mobile or temporary installed hardware and software system to serve as the infrastructure for airspace safety. The company’s technology has been deployed globally in more than 30 countries, including international airports, prisons, stadiums, border patrol, law enforcement agencies, and U.S. and allied militaries.
“The intersection between physical and cyber security is an Achilles’ Heel of many organizations,” said Yariv Robinson, co-founder and managing partner of Kingfisher Investment Advisors. “We believe that SkySafe’s proprietary technology enables government and private sector customers to identify and mitigate in real-time these mission-critical threats.”
For more details on the company and its technology, visit the SkySafe website here.