News

Drone startup Aerodyne raises $30m in round led by Intervest, Kejora

Aerodyne Group, a drone-based enterprise solutions provider in Malaysia, has raised US$30 million in its series B investment round led by Intervest and Kejora Ventures.

Other investors in the round include VentureTech, Gobi Partners, and 500 Startups. Existing investor Axiata Digital Innovation Fund was present at the signing of the agreement.

The new funds will be used to undertake select mergers and acquisitions, invest in research and development and technology, make new hires globally, and expand into key global markets such as Japan, India, the US, and the Middle East.

Aerodyne currently has a presence in 25 countries, where it delivers AI-driven, drone-based solutions to the oil and gas, power, telecoms, renewables, construction, agriculture, and infrastructure industries.

With its staff of over 320 drone industry experts, it also claims that it was able to complete over 60,000 flight operations since starting operations in 2014.

According to a statement, Aerodyne is under the Global Acceleration Innovation Network program of the Malaysia Digital Economy Corporation, which supports local companies to scale globally.

Earlier this year, the company secured an undisclosed amount of funding from Japan-based Drone Fund in its pre-series B round.