Raymond Hor, Kejora Associate Malaysia
Chung-Hee Woo, Chief Government Officer, InterVest
Nizam Mohd Reza, Head of Worth Creation, VentureTECH
Azita Azizan, Government Director, Aerodyne Group
Kamarul A Muhamed, Founder & Chief Government Officer, Aerodyne Group
Amin Shafie, Associate, Intres Capital
Jamaludin Bujang, Managing Director, Gobi Companions Malaysia
Ahmad Redzuan Sidek, Chief Funding Officer, VentureTECH
Khairul Mohd Khairi, Associate, Gobi Companions
Aerodyne Group, the world main drone-based managed options supplier, publicizes a US$30 million Sequence B funding spherical.
Current on the signing ceremony of the primary closing had been representatives of the Sequence B lead investor, InterVest/ Kejora Ventures, alongside VentureTECH and Gobi Companions in addition to an current investor from Axiata Digital Innovation Fund (ADIF). Collaborating investor within the Sequence B first closing however not current at this time was 500 Startups.
At present, the Malaysian-headquartered, 5-year previous Aerodyne is ranked third globally by Drone Trade Insights in its 2019 Drone Service Supplier Rating. Aerodyne at the moment has a presence in 25 international locations and delivers AI-driven, drone-based enterprise-integrated managed options to the Oil & Fuel, Energy, Telecoms, Renewables, Building, Agriculture and Infrastructure industries. Aerodyne has additionally been privileged to be below the International Acceleration Innovation Community (GAIN) programme initiated by the Malaysia Digital Economic system Company (MDEC), which assists extremely choose Malaysia-based corporations to scale up globally.
Aerodyne’s Founder and Chief Government Officer, Kamarul A Muhamad elaborated, “We’ve grown by leaps and bounds since we started in 2014. We’ve been constructing a enterprise delivering much-needed options to a raft of corporations and with backing from revered traders, at a time of drone business consolidation, which is a testomony to our energy, development prospects and the alternatives forward.”
“We welcome our strategic traders on this Sequence B spherical, and sit up for working collectively on our thrilling journey forward. We additionally thank QuantePhi because the lead advisor for the Sequence B spherical.”
Mr. CH Woo, CEO of InterVest stated, “The drone business has been growing at breakneck velocity, however Aerodyne has discovered the appropriate stability between development of expertise and assembly shopper wants. We’re excited to have the ability to present Kamarul and his workforce with the funding capital wanted to underpin the continued improvement of expertise, enterprise options and human capability to drive Aerodyne’s sustained international development trajectory.“
VentureTECH’s Managing Director, Dr. Norida Abd. Rahman emphasised the funding firm’s function saying,
“As a strategic influence investor, our funding is centered on the socioeconomic footprint and industrial energy of Aerodyne’s enterprise in addition to the rising business it’s in. VentureTECH sees the drone business as a platform business with excessive potential to provide spillover impact to the native economic system corresponding to creation of high-skilled employment, intensifying R&D actions, and growing general high-value financial actions. We hope to materialise these potentials by offering the expansion capital and dealing collectively with Aerodyne and the opposite Sequence B traders.”
Proceeds from the Sequence B funding spherical will likely be used to undertake choose M&As, additional spend money on R&D and expertise, rent expertise globally and proceed to increase into Aerodyne’s key international markets corresponding to Japan, India, US, and the Center East.