HUB > Companies > Dedrone
From last funding transaction in Feb-2017.
Founded in 2014, Dedrone is a security company which has developed a platform capable of detecting unmanned aerial vehicles (UAVs) to protect airspace from drone threats. The company’s product, DroneTracker, is a combination of audio, video, Wi-Fi and RF sensors to identify drones. The RF sensors are attached to exterior walls of buildings, rooftops or special masts. The tracker then detects aerial intrusions, providing early warning signs of drone activities. The product aims to provide protection against terrorism, hacking, smuggling and corporate espionage for facilities such as airports, prisons and data centres, amongst others.
Headquartered in San Francisco with a production, research and development centre in Kassel, Germany, the company currently employs 40 people. It claims to have delivered over 200 installations in 2016 for customers including the Royal Family of Qatar, the Suffolk County prison in New York, the 2016 US presidential debates and the World Economic Forum in Davos. Furthermore, Dedrone sells its systems through physical providers, such as Booz Allen Hamilton (NYSE: BAH) and Bosch Security Systems, and has distributed its platform in 50 countries via more than 100 partners.
According to a report by MarketsandMarkets, the anti-drone market size is expected to reach $1.14bn (€1.1bn) by 2022 with a CAGR of 23.9%. Furthermore, the company states that approximately 4.3m drones (almost 360.0k per month) were sold worldwide in 2015, with the Federal Aviation Administration claiming that there could be up to 7.0m drones sold in the US by 2020.
Key competitors include US-based AirMap, a provider of threat management technology for drones – in February 2017, the company raised $26.0m (€24.5m) in a Series B funding lead by Microsoft Ventures; US-based DroneDeploy offers a cloud based platform for drone mapping – in August 2016, the company raised $20.0m (€18.8m) in a Series B funding led by Scale Venture Partners; and US-based Precision Hawk, which uses its own aerial data software to provide a platform for UAVs – in April 2016, the company raised $18.0m (€16.9m) in a Series C funding round led by Verizon Ventures. Other competitors include Agribotix (US), ApolloShield (US) and Drone Shield (ASX: DRO) (Australia).
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