Bengaluru-based Skylark Drones has secured pre-Series A funding worth $3 million. The round was led by InfoEdge Ventures and IAN Fund. AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson group have participated in the round. Founded by Mughilan Thiru Ramasamy and Mrinal Pai, Skylark Drones has offices in both the US and India.
CEO and Co-founder of Skylark Drones Mughilan said, “Our vision is to unlock the economic potential of aerial intelligence. We thank the lead investors of this round and believe the participation of Fowler Westrup, a leading agriculture solutions company, and Vimson Group mining conglomerate will help further strengthen the sector focussed solutions we offer our customers.”
The dronetech startup plans to use the fresh funds to strengthen its product offerings and fuel international expansion.
Amit Behl, Partner at 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 Drones has built an indigenous platform that facilitates quick mobilisation of independent drone pilots, enabling them to run drone missions to gather aerial images of large worksites. Skylark Drones’s computer vision software analyses this aerial imagery to offer industry specific insights for its mining, solar and construction clients. Being amongst a limited set of players who have a full-stack offering, we believe that the opportunity for the company is global.”
The startup provides geospatial intelligence to enable businesses to make informed decisions. With more than 100 enterprise clients, including some Fortune 500 companies, Skylark Drones has so far processed over one million images and has executed over 20,000 autonomous flights via their platform.