CESS, a web3-enabled drone company that provides high-resolution aerial imagery and data analysis, has secured $8 million in its Series A funding round.
The company aims to use the funds to scale its operations and enhance its product offerings to help Censys tech transition from a drone company to an airborne intelligence company.
This Series A funding round plans to help CESS complete its Type Certification, which will allow its drones to fly over buildings and roadways without special permissions.
This will enable the company to offer its services to a wider range of customers and markets and increase its competitive edge.
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.
“Kirenaga is thrilled to lead their Series A funding, this new round will help expand their manufacturing capacity and continue their imaging, data processing, and machine learning advancements. In the rapidly growing drone and imaging marketplace, CESS remains an industry leader,” said David Scalzo, Kirenaga Partners Founder and Managing Partner.
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, says the company is very excited to partner with CESS, as its hardware/software combination is proving disruptive in the beyond visual line of sight market.
CESS is a pioneer in the field of beyond visual line of sight (BVLOS) drone operations, which allows drones to fly autonomously over long distances and complex terrains.
The company leverages web3 technologies, such as blockchain and smart contracts, to ensure the security, transparency, and trustworthiness of its data and services.