Thu, Oct 01, 2015
Financing Completed For Expansion Of Aerial Data Service
The 'Drone as a Service' company Measure and 32 Advisors have completed a significant capital raise to make Measure an independent entity. The company provides turnkey solutions to acquire, process, and deliver cost-effective, actionable aerial data to enterprise customers. The round was led by Hudson Bay Capital with participation from a large sovereign wealth fund.
![](/images/content/general/2015/Measure-Logo-0915a.JPG)
"The opportunity for Measure to work with both the public and private sectors to utilize drones in a safe and secure way can be transformational," said Measure Chairman Robert Wolf. "In its first year alone, Measure has already established itself as the market leader by launching a revolutionary way of incorporating drones into commercial and industrial operations that improves the bottom line for companies worldwide."
In the past year, Measure has established itself as the provider of Drone as a Service with a focus on the agriculture, energy, insurance, and infrastructure inspection industries. In early September 2015, Measure received approval from the FAA to operate more drone platforms than any other commercial operator in the nation. Measure has partnered with leading organizations to demonstrate and quantify the return on investment for commercial drone services, including work with both the American Red Cross and the American Farm Bureau Federation. In addition, as the only drone company based in Washington, D.C., Measure is a leading voice in the development of commercial drone regulation.
The funding will be used to expand Measure's sales, marketing, operations, and customer support functions as well as establish a new office in Houston, Texas. "Measure doesn't make drones, we make drones work," said Measure CEO Brandon Torres Declet. "The value of drones is not in the hardware, it is in the ability to provide companies with easy to use, affordable access to the data they need. We spent our early days as a startup putting into place a sustainable platform agnostic business model; now with the legal approvals in place and a significant commitment of capital from investors, Measure is in the stage of rapidly expanding commercial operations nationwide."
More News
Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]
“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]
Aero Linx: Waco Museum The WACO Historical Society, in addition to preserving aviation's past, is also dedicated and actively works to nurture aviation's future through its Learnin>[...]
Adcock Range National low-frequency radio navigation system (c.1930-c.1950) replaced by an omnirange (VOR) system. It consisted of four segmented quadrants broadcasting Morse Code >[...]
Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]