Remote sensing solutions provider Censys Technologies has announced the closing of its Series A Funding Round goal for $8.3 million; a round that was oversubscribed and only expected to raise $8 million.
An innovator in the commercial Beyond Visual Line of Sight (BVLOS) Unmanned Aerial Systems (UAS) industry, Censys Technologies offers a first-of-a-kind remote sensing package that aims to revolutionize the way aerial information is collected for infrastructure, agriculture, public safety and more.
These new funds will be used to help the company transition from a UAS company to an airborne intelligence company. It will bring together the world’s best software and hardware solutions bringing the world closer to omniscience of assets. The Series A funds will also allow for more flexibility in how customers can buy from Censys, enabling a powerful subscription model for customers to focus on useful information specific to their business.
“This Series A takes us a big step closer to bringing a wiser world into existence,” said Censys Technologies CEO and Co-Founder Trevor Perrott. “It all ties back to our mission of enriching lives through technology because we believe the cornerstone of value creation is knowing the quantity, quality, location and history of its assets. Once you know that, it is easier to understand and envision how to employ those assets to create value.”
The Series A funding round was led by Kirenaga Partners, an early-stage venture capital firm focused on high-growth potential, post-validated, pre-commercial, technology-enabled companies in the AgTech, AI, Advanced Materials, CleanTech, Photonics, Robotics and Space verticals.
“After leading Censys’ seed round, Kirenaga is thrilled to lead their Series A funding,” said David Scalzo, Kirenaga Partners Founder and Managing Partner. “This new round will help expand their manufacturing capacity and continue their advancements in imaging, data processing and machine learning. In the rapidly growing drone and imaging marketplace, Censys continues to be one of the industry leaders.”
Another major investor was Collective Capital Ventures, a self-directed venture capital firm providing investors with the foundation to build a strong portfolio of high-growth technology companies.
Clay Corman, Managing Partner at Collective Capital, said that the company is very excited to partner with Censys, as its hardware/software combination is proving to be disruptive in the beyond visual line of sight market: “We are very bullish on the direction of Censys. Trevor has assembled a smart and motivated team who are customer-centric with everything they do, and we are eager to see what they can accomplish.”
This Series A funding round will also help Censys complete its Type Certification, which will allow its drones to fly over buildings and roadways without special permissions.