SwissDrones Secures Over $10 Million in series B Funding

SwissDrones, a prominent player in the aerial intelligence sector, has successfully completed its Series B funding round, raising more than $10 million from a diverse group of investors.

Investment to enhance Integrated Solutions

This financial backing will bolster the company’s capacity to provide an integrated solution that merges long-range unmanned helicopters, aviation-grade operational capabilities, and extensive data analytics. These advancements are crucial for applications in public safety, search and rescue operations, and infrastructure inspections on a global scale.

Support from Notable Investors

The funding round saw participation from notable aviation investor DiamondStream Partners, Chevron Technology ventures, and Ingleside Investors, alongside ongoing support from existing shareholders. This marks a pivotal achievement in SwissDrones’ swift growth trajectory, with the transaction officially closing on April 2, 2024.

Expert Insights on the Investment

Jim Gable, Vice President of Innovation at Chevron’s Technical Center and President of Technology Ventures, remarked, “SwissDrones offers a solution that enhances data collection efficiency while minimizing costs and risks to personnel, thereby facilitating advanced field operations and enhancing safety.”

“This investment is part of our Core fund, which targets high-growth startups and innovative technologies that can enhance Chevron’s core oil and gas operations while also opening new avenues for growth. We are pleased to welcome SwissDrones into our portfolio.”

Future Growth Plans

Ulrich Amberg, CEO of SwissDrones, expressed enthusiasm about the funding round, stating, “We are thrilled to have such esteemed investors join us on our growth journey. The funds will be utilized to expand our global presence and meet the important market demand for our integrated solutions from both corporate and public sector clients worldwide.”