Industrial Inspection Drone Provider Raises $45 million in Funding Round
Tuesday, November 24, 2020 | Comments

Percepto announced a strategic investment of $45 million in Series B funding led by Koch Disruptive Technologies (KDT) to launch a transformative solution for remote, fully autonomous, asset monitoring, inspection and compliance of industrial sites.

KDT was joined by new investors State of Mind Ventures, Atento Capital, Summit Peak Investments, Delek-US and existing investors U.S. Venture Partners, Spider Capital and Arkin Holdings, bringing the total investment in the company to $72.5 million.

"Our customers, which include some of the world's leading utility, oil and gas sites, mining and other critical infrastructure facilities, are eager to fully embrace automation across their operations and reap the benefits of driving efficiency, reducing costs and safeguarding staff,” said CEO and Cofounder Dor Abuhasira. “We're excited to be the first to empower our customers with truly autonomous inspection and monitoring, driven by the management of multiple visual robotic data sources together with other visual sources including piloted drones, CCTV and mobile cameras, on site or remotely. We're delighted that our investors have recognized the growing need in the market for autonomous inspection, which is in demand now more than ever."

Percepto's Autonomous Inspection & Monitoring (AIM) platform allows end-to-end monitoring of critical infrastructure and assets, paving the way for the remote operations center of the future. Operating a fleet of third-party robots alongside its autonomous Sparrow drone, Percepto AIM provides visual data management and analysis to report trends and anomalies and to alert of risks. Any member of staff can request data and Percepto AIM will deploy the most suitable robot without human accompaniment to retrieve and stream the required data. The platform also seamlessly reports to assess risk, minimize downtime, drive efficiency and reduce operational costs without human intervention.

"We believe Percepto AIM addresses a multibillion dollar issue for numerous industries and will change the way manufacturing sites are managed in the IoT, Industry 4.0 era," said Chase Koch, president of Koch Disruptive Technologies. "Percepto's track record in autonomous technology and data analytics is impressive, and we believe it is uniquely positioned to deliver the remote operations center of the future. We look forward to partnering with the Percepto team to make this happen."

ICL Dead Sea, a leading global specialty potash, mineral and chemicals company, has been operating Percepto's drone-in-a-box solution to carry out inspection, safety and security missions at its operations at the Dead Sea site, and was the first to fly beyond the visual line of sight (BVLOS) in Israel.

"With Percepto's AIM, we can now livestream all of our missions and no longer have to be physically present on site to control decisions regarding maintenance and operations," said Shay Hen, ICL Dead Sea drone program manager. " Wherever we are, we know exactly what is happening on site. We are looking forward to examining the integration of additional robots such as Boston Dynamics' Spot onto our site for holistic inspection capabilities beyond aerial inspection."

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