Customers include businesses in sectors like oil and gas, energy, manufacturing and more. Percepto’s solutions include not just drones - currently two models, the Max and the Max OGI - but a cloud-based analytics platform that monitors equipment for faults and overall performance and provide other diagnostics that are harder (if not impossible) to collect efficiently through other means. It has pinpointed an opportunity to provide monitoring and maintenance services to clients that have operations in remote or hazardous locations, or across wide areas that are populated with machines rather than humans. The investors and customers - named customers include Siemens Energy, Delek US, Koch Industries companies and ICL Dead Sea Works - highlight the kind of work that Percepto has been doing and will continue to explore as it grows. It brings the total raised by Percepto to $120 million, and while the company is not disclosing its valuation, Abuhasira confirmed that it is an upround. Venture Partners, Delek US Holdings, Atento Capital, Spider Capital and Arkin Holdings - all previous backers - are also participating. The equity portion of the funding getting announced today has a number of strategic backers in it, alongside financial investors, which speak to what (and who) is fueling Percepto’s growth.Īs with the startup’s $45 million Series B in 2020, Koch Disruptive Technologies (KDT), the investment arm of the industrial giant, is leading this Series C, alongside new backers Zimmer Partners and a very large U.S. critical infrastructure” and these installations and operations will no longer require additional deployments of people or radars - all of which will speed up rollouts, reduce costs and presumably drive more business Percepto’s way. The waiver in essence means removing some of the friction Percepto and its customers faced: The startup will not need to get site-specific approvals from the regulator for deployments of its remotely operated drones when working with clients in areas of “U.S. “I think that the biggest shift in the last few years has been around regulation,” he said in an interview. This is significant not least because in the opinion of Dor Abuhasira, Percepto’s co-founder and CEO, regulation - not technology - has been the biggest roadblock to the growth of the drone industry, something that has now started to change. Percepto (not to be confused with the Israeli reputation management startup of the same name) has become the first industrial drone company to get a nationwide Beyond Line of Sight (BVLOS) waiver from the FAA in the U.S. The startup - headquartered in Austin, Texas, but founded and with roots in Israel - has raised a Series C of $67 million, composed of around $50 million in equity and $16 million in debt funding.Īnd alongside this, the company is using the funding to also make public an important breakthrough it has had on the regulatory front. Percepto, a drone startup that is building a sizable business with its software and hardware for industrial drone applications, is today announcing a big round of funding to take its operations to the next level - both literally and figuratively.
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