Airspace Security-as-a-Service Platform Raises $30M
Dedrone’s new funding will go toward second California office, enhancing drone-protection offering
The airspace security platform as a service raised $30 million
Dedrone’s new funding will go toward a second office in California, expanding its drone protection offerings
Anti-drone systems provider Dedrone has closed a $30 million Series C-1 funding round with an oversubscription that it will use to open a second office in California and grow its multi-sensor platform for airspace security as a service.
The fundraiser comes as the use and capabilities of unmanned aerial vehicles (UAVs) explode, making the need to secure airspace a heightened priority for various entities. To date, Dedrone systems have been deployed in 36 countries and at more than 75 critical infrastructure sites, 20 airports, 50 correctional facilities and several law enforcement agencies. law and public events, the company is based in San Francisco.
“This need to better secure airspace is a key factor in Dedrone’s exponential growth in 2022; we are on track to double our revenue projections for this year and double the number of new hires in the US, including building a focused engineering team in California,” CEO Aaditya Devarakonda said, “Now is the time to ensure we continue to deliver the most robust, the most accurate and technologically advanced solution for aviation security.”
The Dedrone platform can operate on a cloud or ground/airgap basis and uses AI and machine learning, fusion tracking software, sensors and advanced analytics to detect, identify and identify nearly 300 different types of drones. and reduce more than 65 manufacturers. The company recently launched the DedroneRapidResponse, a mobile unit that can be deployed to cover a 3-mile radius to cover outdoor incidents in less than 30 minutes.
The system consists of several hardware components that can be added depending on the use case. DedroneSensors use radio frequencies to detect and locate drones and their operators, while PTZ (pan, tilt, zoom) cameras detect small drones and, if possible, their payloads up to 1.25 miles away.
There are also radars that allow simultaneous detection of multiple drones and operations in bad weather, but must be used with the DedroneSensor as their ability to classify aerial objects is limited. Finally, the DroneDefender point-and-shoot device can be used to disable drones by jamming commonly used drone frequencies. The Series C-1 fundraising round follows Dedrone’s $30.5 million Series C round that closed in December 2021. .
“Dedrone has been a long-term market leader, and over the past six months, commercial demand has strengthened to unprecedented levels,” said Venky Ganesan, partner at Menlo Ventures. “Dedrone continues to provide the kind of aviation security solutions the world needs most today, and that’s why we remain a proud investor.”