CALIFORNIA- Percepto Raises $15 Million Series A Funding Led by USVP, For Its Market-Leading Industrial Autonomous Drone-in-a-Box
Percepto, the global market leader for industrial autonomous drone solutions, today announced that it has raised $15M Series A Round Funding, led by U.S. Venture Partners (USVP), with participation from existing investors: NHN, Spider Capital and Emerge. The company has to date raised a total of $27.5M. Previous investors include R&R Venture Partners and Hyundai Motors.
CEO of Percepto, Dor Abuhasira explains: This new investment in Percepto accelerates our rapid trajectory. We have the solution, talent, infrastructure and funding in place to scale our operations and further expand our international presence that already includes energy, oil & gas, mining and other heavy industry businesses in more than ten countries. It also enables us to continue at pace with Percepto's ground-breaking research and development.
The Percepto Solution, a recipient of the Frost & Sullivan Global Enabling Technology Leadership Award, is in use around the world, including a number of Fortune 500 organizations in the US, South America, EMEA and South East Asia. The Drone-in-a-Box (DIB) solution improves on-site security, safety, operations, maintenance and compliance with its unique computer vision and AI technology. This technology enables real-time detection of threats, safety hazards and anomalies, as well as mapping, 3D modelling and emergency response, all can be remotely managed over the cloud.
Among the company's customers is Enel, the Italian multinational energy company that uses Percepto's solution to protect and optimize its operations. The benefits of using the Percepto Solution include increased productivity while reducing costs and minimizing risks.
The global commercial drones market has a projected value of over $17B by 2026. Dafina Toncheva, Partner and USVP, explains the reason for investing in Percepto: Percepto has impressive technology, the right go-to-market strategy and an excellent team. It has a proven ability to deliver to critical facilities and heavy industries, unparalleled access to aerial data and perception which unlocks huge commercial value, whilst lowering costs and mitigating risk.
Founded in 2014, Percepto is the market leader of on-site autonomous drone solutions for critical infrastructures and industrial sites. Operating with no need for human intervention, Percepto's autonomous Sparrow drones perform multi missions, around the clock. The solution is ideally suited to any large-scale enterprises looking to improve security, increase productivity and reduce safety risks and operational costs. Organizations using the Percepto solution are better aware of events taking place, allowing them to be proactive and more efficient in addressing risks and operational needs. The Percepto Solution is currently in use around the world including a number of Fortune 500 organizations.
About U.S. Venture Partners
U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm, partnering with entrepreneurs to transform their ideas into world-changing companies. USVP has invested in over 400 companies spanning three decades, including: Box, Castlight Health, Check Point Software, Concur, GoPro, Guidewire Software, HotelTonight, Imperva, InsideSales.com, Inspire Medical, Intersect ENT, Omada Health, OncoMed, Prevoty, SanDisk, Sun Microsystems, Trunk Club, Trusteer, Yammer, and Zerto. USVP focuses on early-stage start-ups that transform cybersecurity, enterprise software, consumer mobile and e-commerce, and healthcare. The USVP team consists of former entrepreneurs, technologists, corporate executives, and financial professionals who assist with strategy, scaling, team building, product development, and business development. USVP is based in Menlo Park, California.
More information can be found at http://www.usvp.com