Dedrone Raises $30M to Advance Counter-drone Defense Technology
July 13, 2022
Dedrone, which develops smart airspace security systems, has announced raising $30 million in an oversubscribed Series C-1 funding round, led by Axon. The company develops command-and-control solutions for counter-uncrewed aircraft systems (C-UAS), and said it will use the funding to continue to grow its team globally, including a second office in California, while also expanding its multi-sensor fusion system.
The company’s technologies detect, locate, analyze and mitigate nearly 300 different drone types across more than 65 different manufacturers. The solution, which can operate cloud-based or on-premises/air-gapped, includes artificial intelligence and machine-learning-based detection capabilities, fusion tracker software, sensors, mitigation functionality and advanced analytics. The company’s latest mobile solution, DedroneRapidResponse, can be deployed in under 30 minutes to “ensure uninterrupted airspace protection of outdoor events within a five-kilometer radius.”
“As more and more drones enter the skies, maintaining airspace security has become a vital function of national and local governments, law enforcement, critical infrastructure, public venues and much more,” said Aaditya Devarakonda, CEO of Dedrone. “This fact is illustrated by the White House’s recent Domestic Counter-Unmanned Aircraft Systems National Action Plan to protect against nefarious drone activity. This need to better secure airspace has been a driving factor in Dedrone’s exponential growth in 2022; we are on track to double our revenue projections for the year and triple new hires in the U.S., including building a focused engineering team in California. Now is the time to ensure we continue to deliver the most robust, accurate and technologically advanced airspace security solution to our customers around the world.”
Dedrone said it works across 36 countries including four of the G-7 nation governments; nine U.S. federal agencies, including the Department of Defense; more than 75 critical infrastructure sites; 20+ airports; and 50 correctional facilities worldwide. The company actively provides drone detection services for some of the most high-profile events around the world, and works closely with more than 35 law enforcement agencies.
Dedrone’s latest funding comes on the heels of the company’s $30.5 million Series C round in December 2021. Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners and individual Silicon Valley entrepreneurs also participated in the round.
“Dedrone is accelerating the path towards making the world safer from unauthorized and malicious drones,” said Henrik Kühl, senior vice president of strategy and corporate development at Axon. “We performed extensive due diligence to evaluate multiple companies in this space. We were impressed by Dedrone’s technology, team and commercial traction.”
For more details on Dedrone and its technology, visit its website here.
