06.21.2016 | Kespry

Kespry Closes $16 Million Series B Round in Fast-Growing Commercial Drone Market

Kespry, which designs automated drone systems for commercial use, today announced the close of a Series B equity-financing round of $16 million that includes investments from DCM Ventures and Lightspeed Venture Partners. With these funds, Kespry is hiring more engineering and service teams to ramp-up production and serve customers. In the past twelve months, Kespry has more than doubled in size, and is moving into a larger headquarters in Silicon Valley to keep up with the continued growth.