Total amount raised
$178.8 Millions
Latest funding date
04/01/2017
Location
3D Robotics has successfully raised funds through multiple rounds, with the last being a Series D round on April 27, 2017. The company has garnered support from 16 investors, including notable names like Foundry Group and Autodesk.
Keep reading to explore the intricacies of 3D Robotics' fundraising journey and the investors backing this innovative platform.
What Is 3D Robotics?
3D Robotics, founded in 2009 by Chris Anderson and Jordi Munoz, is a prominent player in the drone industry. The company is headquartered in Berkeley, California, and specializes in making advanced drone technology accessible for construction, mining, and surveying industries.
With an employee count ranging from 101 to 250, 3D Robotics focuses on providing solutions for land mapping and site scanning, enabling clients to collect accurate aerial data. The company was acquired by Kitty Hawk in 2021, marking a significant milestone in its journey.
How Much Funding Has 3D Robotics Raised?
- Series A
- Amount Raised: $5.1M
- Date: November 2012
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial drone technology and establish a market presence.
- Series B
- Amount Raised: $30M
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand the product line.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2014
- Lead Investors: Virgin Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and market reach.
- Series C
- Amount Raised: $50M
- Date: February 2015
- Lead Investors: WestSummit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series C
- Amount Raised: $14M
- Date: April 2015
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop drone technology and expand the team.
- Venture Round
- Amount Raised: $26.7M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue innovation and maintain competitive edge.
- Series D
- Amount Raised: $53M
- Date: April 2017
- Lead Investors: Atlantic Bridge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product offerings.
Total Amount Raised: $178.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Foundry Group
- Details: Foundry Group is a venture capital firm that invests in early-stage information technology, internet, and software startups. The firm is known for its hands-on approach and long-term commitment to its portfolio companies.
- Investment Focus Areas: Information technology, internet, software startups.
- Notable Investments: Fitbit, SendGrid, Zynga.
- Autodesk
- Details: Autodesk is a global leader in design software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. The company provides tools that help people imagine, design, and create a better world.
- Investment Focus Areas: Design software, architecture, engineering.
- Notable Investments: Not publicly disclosed.
- Atlantic Bridge Ventures
- Details: Atlantic Bridge Ventures is a growth equity firm focused on technology investments. The firm specializes in scaling companies internationally, particularly in the technology sector.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Movidius, Swrve, FieldAware.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to late-stage investments in technology. The firm aims to accelerate innovation and drive growth in the mobile and wireless sectors.
- Investment Focus Areas: Technology, mobile, wireless, internet.
- Notable Investments: Waze, Zoom, Xiaomi.
- WestSummit Capital Management
- Details: WestSummit Capital Management is a growth equity firm investing in technology companies. The firm focuses on helping companies expand globally, particularly in the U.S. and China markets.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Unity Technologies, Twitch, Maginatics.
What's Next for 3D Robotics?
3D Robotics stands at the cusp of significant growth opportunities in the drone industry. With a substantial ongoing fundraising round, the company is well-positioned to expand its market presence and enhance its product offerings. The current round, targeting $45 million, underscores the potential for further development and market penetration.
Future fundraising efforts are likely to be successful, given the strong interest from investors and the substantial amount already raised. However, the company may face challenges such as increasing competition, regulatory hurdles, and the need for continuous innovation to maintain its competitive edge.
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