Dedrone announces new round of USD30 million in Series C-1 financing

Counter-UAS (C-UAS) company Dedrone has announced it has closed USD30million in an oversubscribed Series C-1 financing round.

“Led by public safety technology company Axon, this latest funding comes on the heels of the company’s USD30.5 million Series C in December 2021,” said a company press release. “Aqton Partners, Menlo Ventures, Felicis Ventures, TargetPartners and individual Silicon Valley entrepreneurs also participated in the round.”

“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. This fact is illustrated by the White House’s recent Domestic Counter-Unmanned Aircraft Systems National Action Plan to protect against nefarious drone activity,” said Aaditya Devarakonda, CEO of Dedrone. “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 US, 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 detects, identifies, locates, analyzes and mitigates nearly 300 different drone types across more than 65 different manufacturers, says the company. 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 75critical infrastructure sites; 20+ airports; and 50 correctional facilities worldwide.

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