Dedrone, a provider of smart airspace security systems, announced it has closed $30 million an oversubscribed Series C-1 financing round. Led by public safety technology company Axon, this latest funding follows the company’s $30.5 million Series C in December 2021.
Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners and individual Silicon Valley entrepreneurs also participated in the round. San Francisco-based Dedrone will use the funding to continue to grow its team globally, including a second office in California, while also expanding its unique multi-sensor fusion airspace security solution.
Dedrone’s solution is said to offer comprehensive capabilities to detect, identify, track and mitigate drones, whether fixed site, mobile or on-the-move. As part of its growth strategy, the company said it is committed to engaging the engineering expertise of Silicon Valley to solve critical, national security issues.
“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.”
Devarakonda said the company is on track to double its revenue projections for the year and triple new hires in the U.S., including building a engineering team in California.
Dedrone 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.