Autonomous Drone Developer Raises $67M, Gains FAA Approval

Israeli drone startup Percepto got the greenlight from the FAA to deploy its drones without site approval

Scarlett Evans, Assistant Editor, IoT World Today

June 13, 2023

1 Min Read

Autonomous drone startup Percepto has raised $67 million in its series C funding round, one month after it received Beyond Line of Sight (BVLOS) waiver from the U.S. Federal Aviation Administration (FAA).

The latest round was led by Koch Disruptive Technologies and brings the total investment in the drone company to more than $120 million.

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Founded in Israel but now headquartered in Austin, Texas, the company is the first industrial drone company to receive a nationwide BVLOS waiver from the FAA. 

The waiver means Percepto will not need site-specific approval to deploy its autonomous drones in industrial settings, opening the door for significant company growth in the U.S. market. In addition, using these drones in areas of “critical infrastructure” will not require additional infrastructure.

The company’s drones are designed to automate maintenance inspections at industrial and utilities sites, monitoring for issues such as gas leaks, asset deterioration or other structural problems. 

Percepto currently has two drones in its pipeline, the Max and the Max OGI, as well as a cloud-based analytics platform to identify faults and monitor performance. 

The company has already received significant attention, with investors including Siemens Energy, Delek US and ICL Dead Sea Works.

About the Author(s)

Scarlett Evans

Assistant Editor, IoT World Today

Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.

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