MENLO PARK, Calif.–(BUSINESS WIRE)–October 22, 2014–
Kespry Inc., the developer of commercial-grade aerial data capture, analysis, and visualization systems, announced that it has raised $10 million in Series A financing led by Lightspeed Venture Partners.
Kespry was founded in 2013 and received initial backing from Chmod Ventures. The new funds will finance go-to-market activities and further development of a drone system that allows businesses to reliably and easily collect, analyze, and evaluate aerial imagery.
“I’m tremendously proud of what the Kespry team has accomplished in the past year,” said Paul Doersch, Kespry CEO. “Today we are shipping a commercial-grade drone system that allows businesses to capture and examine useful aerial imagery from day one. With the strong backing of Lightspeed, we are ready to accelerate our sales to customers in construction, agriculture, mining, and other markets.”
Kespry’s vision is to create a highly reliable end-to-end platform that simply and safely delivers on the promise of drone technology. Kespry has built an integrated system from mission planning to aerial data capture to cloud-based analytics and image delivery by bringing together a strong team incorporating mechanical engineering, electrical engineering, software development, and aeronautics.
“In building a powerful off-the-shelf system to deliver aerial information, Kespry is well positioned to accelerate the commercial adoption of drones,” said John Vrionis, General Partner at Lightspeed. “Kespry is all about allowing commercial enterprises to focus on useful visual imagery, not the underlying details of operating drones safely and reliably.”
To create a simple-to-use product, Kespry has integrated an unprecedented level of high-performance computing power in its drones. This integration enables onboard use of a modern programming environment, advanced sensor processing algorithms, and high throughput wireless communication between the drone and the cloud. As a result, the Kespry system is safer and more capable today, and it can more rapidly incorporate additional features tomorrow.
Based in Menlo Park, CA, Kespry designs and builds highly reliable drone systems for commercial applications. To achieve high standards of safety, productivity, and reliability, Kespry controls the design of each critical component. This attention to integrated design and reliability provides superior efficiencies and accelerates the delivery of advanced functionality. www.kespry.com
About Lightspeed Venture Partners:
Lightspeed Venture Partners is a premier venture capital firm with over $3 billion of committed capital under management and investment professionals in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, Lightspeed partners have backed more than 200 consumer and enterprise technology companies, many of which have become leaders in their respective markets, including GrubHub, Nest, Snapchat, The Honest Company, Nimble Storage, Nicira, AppDynamics, DataStax, Nutanix, FusionIO, Riverbed Technology, Brocade, Ciena, DoubleClick, and XtremIO. www.lsvp.com
Paul Doersch, 650-434-2046
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