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Drone leader adds $15M to treasury

Silicon Valley venture capital firm US Venture Partners has got behind a US$15 million fund-raising by Israel-based industrial drone company Percepto, which wants to expand globally in energy, mining and oil and gas, and increase spending on R&D.
Drone leader adds $15M to treasury Drone leader adds $15M to treasury Drone leader adds $15M to treasury Drone leader adds $15M to treasury Drone leader adds $15M to treasury

Staff reporter

According to Percepto, the mining industry "has been one of the fastest to integrate drone technology into operations at scale".

USVP claims to have invested more than $3.8 billion in 490 companies.

Percepto says it's raised $27.5 million to date - about one-quarter of the investment so far in another "drone-in-a-box" company, Airobotics, which is trying to make significant sales breakthroughs in mining and other markets.

South Korean investor NHN, San Francisco-based Spider Capital and Israel seed capital firm Emerge also took positions in Percepto in its latest fund-raising round. Percepto said previous investors included R&R Venture Partners and Hyundai Motors.

It said the global commercial drones market "has a projected value of over $17 billion by 2026".

USVP partner Dafina Toncheva said Percepto had impressive technology, "the right go-to-market strategy and an excellent team".