SwissDrones Secures $10m for Pipeline Monitoring

SwissDrones, a leading provider of drone helicopters and data analytics solutions, has successfully raised $10 million in Series B funding. The investment round was led by a consortium of prominent investors, including DiamondStream Partners, Chevron Technology Ventures, and Ingleside Investors, along with continued support from existing shareholders. This significant funding boost will enable SwissDrones to enhance its production capabilities and expand its global presence to meet the growing demand for its integrated solutions.

The core offerings of SwissDrones revolve around long-range unmanned helicopters, aviation-grade flight operations, and large-scale data analytics. These cutting-edge technologies are utilized in various sectors such as public safety, search and reconnaissance missions, as well as infrastructure inspections including oil pipelines and the electricity grid. The company's CEO, Ulrich Amberg, expressed his enthusiasm about the new round of funding, stating, "We are excited to close this round with such high caliber investors now joining our growth journey."

Jim Gable, Vice President of Innovation at Chevron's Technical Centre and President of Technology Ventures at Chevron, highlighted the significance of SwissDrones' solutions in improving operational efficiency and safety. He emphasized that the company's data-gathering capabilities can revolutionize field operations by reducing costs and minimizing risks to workers. Chevron's investment in SwissDrones is part of their strategic focus on supporting high-growth startups and innovative technologies that can enhance their core oil and gas businesses.

DiamondStream Partners, another key investor in SwissDrones, specializes in funding aviation and aerospace companies that offer aerial solutions, unmanned systems, and related elements of the value chain. The team at DiamondStream Partners brings a wealth of experience in aviation and aerospace, holding leadership positions and serving as investment principals. Their investment in SwissDrones underscores the potential of the company's technology to drive advancements in the aviation industry.

As SwissDrones gears up to leverage the new funding to expand its operations and meet the increasing market demand, the company is poised to play a pivotal role in shaping the future of drone technology and data analytics. With a strong investor backing and a track record of innovation, SwissDrones is well-positioned to make a significant impact in sectors ranging from public safety to infrastructure inspections, ushering in a new era of efficiency and safety in the field.