Drone detection and mitigation company Dedrone has secured USD12.1 million in funding led by European technology investment company TempoCap. Based in San Francisco, Dedrone was founded in 2014 and is backed by investors including Felicis Ventures, Menlo Ventures, and John Chambers, Chairman Emeritus of Cisco Systems and founder of JC2 Ventures.
According to a Dedrone press release, following this successful investment, the company plans to accelerate development of its best-in-class platform providing early warning, classification of, and mitigation against drone threats. The Dedrone platform is counter-drone solution designed to detect and classify drone-based threats. The Dedrone system detects approaching drones with the help of radio sensors as well as special camera and radar systems, whose data are processed by the intelligent DroneTracker software.
Commenting on the investment, Aaditya Devarakonda, CEO of Dedrone, said, “Drone technology has advanced tremendously in the past few years, and today drones significantly aid in surveying, disaster relief, delivery, and myriad business and consumer applications. However, in the wrong hands, a drone’s accessibility, capabilities, and ease of flying make it especially suitable for hacking, surveillance, and terrorism.”
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