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Alternative Assets  + Real Assets  + VC  |  June 13, 2023
KDT Leads $67M Series C for Autonomous Drone Startup
Joe Palmisano
By: Joe Palmisano

KDT Leads $67M Series C for Autonomous Drone Startup 

Koch Disruptive Technologies (KDT) led a $67 million Series C in debt and equity funding for Percepto, an autonomous drone startup for infrastructure, after receiving a license from the US government to deploy drones remotely nationwide. 

New investors Zimmer Partners and one of the largest (unnamed) US energy companies also funded the round. Existing investors US Venture Partners, Delek US Holdings, Atento Capital, Spider Capital and Arkin Holdings also invested, bringing the total raised to $120 million. 

In what is considered a “game-changer” for the industry, Percepto, founded in 2014 in Israel, with headquarters in Austin, TX, recently received a Beyond Line of Sight (BVLOS) waiver from the FAA, allowing the company to provide any US critical infrastructure site with remotely operated automated drones without the need for site specific approvals from the FAA. 

“Organizations are increasingly discovering the benefits of autonomous and remote drone operations to automate facility inspections and data analysis across their sites,” said Percepto co-founder and CEO Dor Abuhasira. 

Percepto’s Autonomous Inspection & Monitoring (AIM), powered by autonomous drones, robots, and AI, enables critical infrastructure sites to increase the frequency and quality of inspections through automation. 

The global commercial drone market is on a growth trajectory, projected to reach $47.38 billion by 2027. Several startups contribute to the autonomous drone sector in addition to Percepto, including Flytrex, Xtend, vHive.ai and Indoor Robotics. 

Hear from industry leaders in alternative assets like Capital Innovations Founder, CEO, CIO, and ADISA President Michael Underhill. Connect with top executives in private credit, real estate and more at the Connect Money: Alternative Assets Conference in Chicago on June 14 at the W City Center. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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