Dedrone has secured $30.5 million in an Axon-led Series C financing that the San Francisco, California-based startup plans to use to support its development of technology for protecting airspace against unauthorized unmanned aerial vehicles.
Aaditya Devarakonda, CEO of Dedrone, said in a statement published Friday the investment underscores the company’s ability to deliver drone detection and tracking capabilities to the public safety sector.
The company’s counter-unmanned aerial system technology uses artificial intelligence and machine learning for the detection, identification and tracking of unauthorized drones. Dedrone’s offering supports c-UAS operations of domestic and international defense and commercial customers.
“The drone economy is flourishing and Dedrone is very much at the heart of it, providing critical protection to organizations around the world and keeping communities safe,” said Rick Smith, founder and CEO of Axon.
Among the investors that participated in the funding round are Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners and TempoCap. John Chambers, chairman emeritus of Cisco Systems and founder of JC2 Ventures, also backed Dedrone in the investment round.