Aerial data analytics firm DroneBase raises $55m and rebrands as Zeitview
DroneBase, a US-based aerial data analytics firm, has raised $55 million in investment and rebranded as Zeitview, in a move to strengthen its market position in advanced inspection software for energy and infrastructure.
The round was led by Valor Equity Partners, with participation from current investors Union Square Ventures, Euclidean Capital, Upfront Ventures, Hearst Ventures, and Energy Transition Ventures.
DroneBase, now Zeitview, anticipates to use the proceeds from the round to increase the company’s artificial intelligence (AI) enabled software and global footprint in advanced inspection solutions.
As Zeitview, the company builds advanced inspection software to deliver insights, reduce costs, and improve asset performance and longevity for global customers in the energy and infrastructure space.
Aerial data analytics firm DroneBase raises $55m and rebrands as Zeitview. Photo courtesy of Business Wire.
Dan Burton — Zeitview founder and CEO said: “We appreciate how important time is to our customers: on the one hand, they need immediate and accurate analysis about the health of their assets; on the other, they are building energy and infrastructure resources to last for decades.
“We are confident that our AI-enabled software solutions can deliver that immediate answer and a long-term home for our customers, while we are increasingly agnostic about what tool we use to capture the most accurate data.”
Zeitview will develop related and flexible solutions for clients using crewed aircraft and smartphone technologies.
With Valor’s partnership, the aerial data analytics firm anticipates to enhance its data capture capabilities through automation and transform the aerial inspection industry.
Vivek Pattipati — Valor Equity Partners Partner said: “With Zeitview’s continued expansion of services and commitment to delivering accurate, real-time insights through advanced inspection software, we are naturally mission-aligned.
“We look forward to supporting Zeitview as they launch this rebrand and enter the next phase of aerial imagery and data solutions.”
Last year, Zeitview inspected 43GW of solar capacity and launched North American Solar Scan (NASS), which is claimed to be the first standardized set of solar asset ratings for facilitating better oversight of solar energy facilities in the US.
Valor Equity Partners is an operational growth investment firm, which seeks to invest in high-growth companies at various phases of development.