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Percepto drone in Israel
Percepto drone in Israel.
Percepto has announced a combined $67M Series C funding round in debt and equity funding, taking its total investment to more than $120M from a variety of investors. This is a positive period for the autonomous inspection and monitoring solution provider that also recently received a nationwide Beyond Line of Sight (BVLOS) waiver from the FAA, which has been described as 'an unprecedented achievement.'
Key information:
- Percepto has announced a combined $67M Series C in debt and equity funding.
- This brings the total investment in the company to more than $120M.
- The autonomous inspection and monitoring solution provider has also recently received a nationwide Beyond Line of Sight (BVLOS) waiver from the FAA.
The additional $67M was led by Koch Disruptive Technologies (KDT) as well as new investors Zimmer Partners. They join existing investors Arkin Holdings, Atento Capital, Delek US Holdings, Spider Capital, and U.S. Venture Partners.
“KDT’s reinvestment underlines their confidence in our ability to make companies more profitable by keeping infrastructure operational in the face of the unpredictable,” said Dor Abuhasira, Percepto Co-founder and CEO. “Organisations are increasingly discovering the benefits of autonomous and remote drone operations to automate facility inspections and data analysis across their sites. With this new round of funding, new strategic investors, and the new regulations that significantly increase the access to using autonomous drones, the conditions are ripe for the autonomous drone market to expand, and for Percepto to meet the growing demand for automated drone inspections and monitoring at industrial sites.”
Percepto’s BVLOS waiver allows the company to provide remotely operated drones to any US critical infrastructure site without requesting approval from the FAA. This allowance reduces potential logistical issues whilst also reducing costs.
The autonomous inspection and monitoring solution provider helps heavy industry companies save large sums of money by allowing companies to see the real-time visibility of their facility’s infrastructure integrity, which, in turn, reduces the probability of a serious incident.
“Percepto is a powerful force in boosting the accessibility of automated drones for industrial inspection and monitoring,” said Chase Koch, Founder and CEO of Koch Disruptive Technologies. “Having deployed Percepto’s technology across various Koch companies, we are experiencing first-hand how its innovative R&D improves inspection and monitoring. Their work to create a clear regulatory path for this technology puts it in a strong market position, firmly stationed at the forefront of the industry. We look forward to continuing our journey with Percepto as it sets the new standard for making industrial operations safe, efficient and sustainable.”
The company also has its own end-to-end visual inspection solution, Percepto Autonomous Inspection & Monitoring (AIM). The solution is powered by autonomous drones, AI, and robots, and allows companies to conduct higher-quality inspections both more often and autonomously. Percepto AIM works by automating the complete visual inspection workflow, from data collection to AI-powered analysis and insights, making incidents like gas leaks and overheating easier and quicker to detect.
“Percepto’s unique AI technology provides heavy industry with a path to maximise their efficiency and ensure smooth operations both in terms of providing a safe environment for workers and generating high productivity levels,” said Siemens Energy Venture Partner Illai Gescheit. “We are impressed with Percepto’s growth within a turbulent market, and look forward to working with them as they continue to pioneer drone regulations and innovations that will help deliver commercial value to our customers while fulfilling their environmental responsibilities.”