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Industrial Drone Company Kespry Finishes C Round 33 Million US Dollars Financing

- Dec 08, 2017 -

According to foreign media reports, industrial drone company Kespry announced Tuesday completed C round 33 million US dollars in financing. The company raised a total of more than 61 million U.S. dollars in the three rounds of financing.


This round of financing led by the G2VP, strategic investors Shell Technology Ventures, Cisco Ventures and ABB VC voted. Shell will join the Kespry board of directors, and the company will open up the market to the oil and gas industry.


Daniel Jeavons, general manager of Shell's Advanced Data Analytics, believes that a UAV-like solution is part of Shell's investment in advanced digital technology. "Utilizing industrial drones based on artificial intelligence and machine learning technologies can change the landscape of the energy industry, which will help make work more efficient and safer in the industry while giving workers more powerful digital tools and, more importantly, future-proofing Skills. "


Kespry is currently heavily focused on drone applications in industrial scenarios such as mining, insurance claims, construction, and more recently in the oil and gas industry. George Mathew, the company's CEO, said the company now has 150 mining customers and a total of 200 customers. He was the company's CEO earlier this year, having previously served as Algeryx's COO and president.


Matthew believes that the industry has usher in a turning point now, corporate customers began to see the value of industrial drone, thus promoting industrial drones in these industries to become the mainstream. Compared to traditional methods, industrial drone safer, more efficient and more accurate.


Kespry's positioning of the drone is distinct from that of amateur and photographic drone. Matthew believes that although these are also suitable for UAV use of the scene, but not Kespry areas of interest.


He pointed out that one of Kespry's key differences lies in the use of data and machine learning technologies. For example, the company relied on machine learning algorithms to understand what the roof was damaged after a storm of hail, and then determine if the roof needs to be replaced or repaired. All of this is automatic, and claims adjusters do not have to climb dangerous roofs to deteriorating.


Kespry currently employs about 100 people. Matthew expects the total number of employees to double next year after receiving new investment. In addition, the company is also exploring the international market and developing more channel partners to promote the company's solution in the target market.

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