The fund will be used to enhance actionable insights from drone data that it provides
Skylark Drones, a leading drone platform company, has secured $3 million in a pre-series A funding round to strengthen its product offerings and fuel international expansion. The funding round was co-led by investors InfoEdge Ventures and IAN Fund with participation from AdvantEdge Founders, Fowler Westrup, Restart Labs, IKP and Vimson group. This follows the company’s previous seed funding round, which took place in 2018.
Skylark Drones, which has offices in the US and India, aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, real estate, agriculture and inspection. Skylark Drones offers end-to-end solutions with Spectra enabling worksite intelligence and several platform integrations and API access.
“Our vision is to unlock the economic potential of aerial intelligence,” said Mughilan Thiru Ramasamy, CEO & co-founder of Skylark Drones. “We thank the lead investors of this round and believe the participation of Fowler Westrup, a leading agriculture solution company, and Vimson Group mining conglomerate will help further strengthen the sector focussed solutions we offer our customers.”
The company will primarily use the new funding to enhance the actionable insights from drone data that it provides, to aid and simplify superior business decisions and strategies for its clients. The investment will also be used to spur international product expansion and development of its drone data analytics products.
Amit Behl, Partner, Info Edge Venture Fund said, “Aerial intelligence is a theme that has immense potential as it provides significant cost, time and accuracy benefits for large infrastructure companies which face frequent cost and time overruns. Skylark has built an indigenous platform that facilitates the quick mobilisation of independent drone pilots, enabling them to run drone missions to gather aerial images of large worksites. Skylark’s computer vision software analyses this aerial imagery to offer industry-specific insights for its mining, solar and construction clients.”
