The global airspace security provider Dedrone announced on 2nd October 2020 about receiving US$ 12.1m investment from TempoCap. The San Francisco based company protects organizations from malicious drones.
The enterprise is backed by investors that include Felicis Ventures, Menlo Ventures, John Chambers(founder of JC2 Ventures and Chairman of Cisco Systems. This funding round was led by TempoCap. It is a European Venture Capital that invests in software and security technology businesses. Supporting ambitious founders, the VC addresses real-life challenges with technological differentiation.
Funding round details
With this successful funding round, Dedrone is all set to accelerate its development to the mark platform that warns, classifies, and mitigates any prevailing drone threats. The best-in-class platform of Dedrone is the complete solution that detects any approaching drone through the help of radio sensors, special cameras, and radar systems. The data of these technologically advanced elements is processed by their intelligent software DroneTracker.
Drone technology has advanced in the last few years and has impacted almost every sector. Drones nowadays play a significant role in surveys, consumer applications, disaster relief, and more, but in the wrong hands, the same can negatively harness its capabilities thereby giving route to threats like hacking, terrorism, and surveillance. Dedrone technology has helped the government, national infrastructure, and businesses overcome these threats with its secured solutions.
About Dedrone
The San Francisco headquartered airspace security leader Dedrone was founded in 2014 by Joerg Lamprecht, Ingo Seebach, and Rene Seeber. It is the first automatic drone security solution. The company is an extension of cyber and physical security into airspace that protects organizations from various vulnerabilities of drone technology. The Dedrone platform provides warning of any malicious drone actions to secure data centers, airports, and critical facilities from threats like smuggling and hacking. Its system is trusted by military assets, government operations, and several enterprises to safeguard them from unauthorized drones.
About TempoCap
The venture investment firm was founded in 2006 by David Tate and Olav Ostin. The European technology investor backs fast-growing and sizeable businesses. It offers primary capital for accelerated growth to companies and liquidity solutions for sellers. TempoCamp, not only invests in single companies but also invests in Portfolios. The enterprise actively advises asset owners on and acquisition of growth capital and venture investments. The England headquartered VC has made 28 investments and has nine team members as of now.
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