Airobotics, the Israel-based unmanned aerial vehicle producer backed by software provider Microsoft, has raised $30m in a series D round led by growth equity firm Pavilion Capital.
Pavilion, which is run by Singaporean government-owned investment firm Temasek, was joined by BlueRun Ventures, CRV, OurCrowd and undisclosed private investors.
Founded in 2014, Airobotics produces automated drones that do not require a human operator, for use in industrial and mining work. It recently opened a North American office in Arizona which it intends to convert into its global headquarters as it grows its business.
The round brought the company’s overall funding up to $101m and comes after a $42.5m series C round featuring M12, the Microsoft unit then known as Microsoft Ventures, OurCrowd, BlueRun Ventures and CRV that closed in January 2018.
Ran Krauss, co-founder and CEO of Airobotics, said: “We have a strong business pipeline and to keep up with demand for our technology, we are continuing to expand operations across the countries in which we operate, specifically our new headquarters in the US.
“Additionally, the new funding will drive our continuous work with Aviation Authorities to obtain BVLOS (Beyond Visual Line of Sight) certificate of waiver in every geography we operate in, including in the US”
Image courtesy of Airobotics.
