Drone as a Service operator, Measure, has raised $15 million in Series B financing round. Cognizant Technology Solutions joined “original investors”. Measure had last raised a “significant capital” in September 2015 — a round led by Hudson Bay Capital.
Brandon Torres Declet, CEO, Measure, said:
“This is a tremendous moment for Measure and for the drone industry and we believe 2017 is when everyone pivots towards services. This investment round will help make it possible to expand to new customers; we look forward to continuing to work with Cognizant to offer new, innovative services around data analysis not currently available in the market.”
Measure claims that its pilots in 2016, flew over 1,100 flights. Its network of licensed pilots provide solutions to acquire, process, and deliver “actionable aerial data” to enterprise customers.
Use cases of Measure include cell tower inspections, construction development, precision agriculture, disaster response, and live media coverage.
Sean Middleton, President of the Cognizant Accelerator, of which Cognizant Ventures is a division, added, “Drone services is one of the fastest growing technology segments with the potential to provide extraordinary value to industries such as insurance, manufacturing, logistics, oil and gas, retail, government, and media and communications. Cognizant is excited to deepen our relationship with Measure through this investment and bring our world-class digital capabilities, such as advanced data analytics and software development, to enterprise customers looking to create value from data collected via drones.”