The firm plans to undertake select M&As and continue to expand into Japan, India, the US, and the Middle East.
Aerodyne, a drone-based managed solutions provider in Malaysia, has announced a US$30 million Series B investment round, led by InterVest/Kejora Ventures.
Proceeds from the round will be used to undertake select M&As, further invest in R&D and technology, hire talent globally and continue to expand into Aerodyne’s key global markets such as Japan, India, the US, and the Middle East.
Started in 2014, Aerodyne delivers AI-driven, drone-based enterprise-integrated managed solutions to the oil & gas, power, telecoms, renewables, construction, agriculture and infrastructure industries.
The company claims it has completed over 60,000 flight operations, inspected more than 250,000 assets and surveyed more than 55,000km of power infrastructure across 25 countries around the world.
Aerodyne’s Founder and CEO Kamarul A Muhamad said: “We’ve been building a business delivering much-needed solutions to a raft of companies with the backing of respected investors, at a time of drone industry consolidation.”
CH Woo, CEO of InterVest said, “The drone industry has been developing at breakneck speed, but Aerodyne has found the right balance between advancement of technology and meeting client needs. “