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Automated Drone Company Airobotics Raises $30 Million to Fuel Global Expansion

Automated Drone Company Airobotics Raises $30 Million to Fuel Global Expansion

Founded in 2014, Airobotics develops fully autonomous industrial unmanned aerial vehicles for surveying and security purposes in industrial facilities, mining sites, and refineries

Meir Orbach | 15:17  30.10.2018
Israel-based drone maker Airobotics Ltd. has raised $30 million in a round led by Singapore-based Pavilion Capital Pte Ltd. Existing investors including Charles River Ventures, BlueRun Ventures, and OurCrowd also participated. The round brings the company’s total funding to $101 million.

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Founded in 2014, Airobotics develops fully autonomous unmanned aerial vehicles used for surveying and security missions in industrial facilities, mining sites, and refineries. The company obtained a BVLOS (Beyond Visual Line of Sight) certificate in Israel in 2017 and is currently working to obtain it in other locations as well. Airobotics employs over 230 people, mostly in Israel, and intends to recruit more employees soon.

An Airobotics drone. Photo: Airobotics PR An Airobotics drone. Photo: Airobotics PR An Airobotics drone. Photo: Airobotics PR

The current funding will go towards expanding Airobotics’ operations in the U.S. and Australia, the company stated. In September, the company opened a new office in Scottsdale, Arizona to serve as its headquarters in the Americas.

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Airobotics is focusing its operations on the global mining industry, CEO and Co-Founder Ran Krauss said in an interview with Calcalist.“It’s a vast domain, with room for growth.”
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