Airspace security company SkySafe has secured USD30 million Series B funding from Kingfisher Investment Advisors with participation from new investors Gaingels, and MIT alumni investment fund Castor Ventures, and previous investor Andreessen Horowitz. To date, SkySafe has raised USD45 million in total financing. The fresh capital will help further accelerate the company’s growth through strategic hiring, R&D, and expanded production of its airspace security system for commercial adoption, says a press release.
SkySafe’s technology applies advanced radio technology, reverse engineering, and deep threat analysis to provide the infrastructure needed for the commercial drone industry. The SkySafe system delivers in-depth airspace awareness, differentiating authorized drones from those that may pose a threat. Its modular hardware and software can be tailored to specific regulatory environments to protect public spaces from potential drone threats. Simultaneously, it supports the adoption of commercial drone use for surveying, disaster relief, delivery, hobbyists and other consumer applications.
“As our airspace gets more crowded with drones, it becomes increasingly difficult to ensure those flying over our airports, stadiums, borders and other public spaces are authorized to be there,” said SkySafe Founder and CEO, Grant Jordan. “SkySafe has created an airspace awareness system for drones, to offer visibility, accountability, and ultimately, safety. Without this infrastructure for drones, it’s difficult to build public trust and scale commercial use. It’s critical to adoption as drones increasingly become important tools for things like utility inspections, airline maintenance, delivery, and aerial photography.”
SkySafe technology is deployed to customers globally in more than 30 countries. International airports, prisons, stadiums, border patrol, law enforcement agencies, and U.S. and allied militaries all use the technology. SkySafe serves its growing base of customers from its San Diego headquarters and with this financing plans to grow its team and scale up production of systems. The company holds a board position with the Commercial Drone Alliance (CDA).
(Image: SkySafe)
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