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Foundry Group, True Ventures lead $30m Series B for drone company 3D Robotics

30 Sep 2013

droneDrone company 3D Robotics has raised $30m in a Series B round led by new investor Foundry Group and existing backer True Ventures.

Existing investors O’Reilly AlphaTech Ventures and SK Ventures also participated in the round, which follows the company’s $5m Series A round raised in November 2012.

The company said the funds will enable it to “mainstream aerial robotics and surveying, making advanced unmanned aerial vehicle technology affordable and easy to use for its worldwide customer base of businesses and individuals.”

3D Robotics CEO Chris Anderson said, “The opportunity to bring ‘big data’ to agriculture through low-cost automated aerial crop surveys could be a game-changer for both farming and the UAV industry alike.

“Adding UAVs to the precision agriculture toolkit of a 21st Century farmer gives them the power to use imaging data to not only increase yield, but decrease water use and the chemical load in both food and environment.”

Earlier this month, Groupon bought online marketplace SideTour, which was backed by Foundry Group.

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