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Alternative Assets  + Real Assets  + VC  |  June 13, 2023
KDT Leads $67M Series C for Autonomous Drone Startup
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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.