Airobotics, a startup building autonomous drones for the enterprise sector that do not require humans to get involved in any aspect of operating them, has picked up $32.5 million in funding to expand its business into defense and homeland security, and to expand its business globally.
The Series C round was led by BlueRun Ventures China, with participation also from Microsoft Ventures, OurCrowd.com and an another unnamed strategic investor. Microsoft is also a strategic in this case — Ran Krauss, Airobotics’ CEO and co-founder (and a longtime entrepreneur in the unmanned aircraft industry), said in an interview that his company is leveraging Microsoft’s image recognition, analytics and cloud computing in its service.
The total raised by the Israeli-based Airobotics to date is $61 million, with other notable investors in the past including CRV, BRV, Noam Bardin (CEO of Waze), Richard Wooldridge (former COO/GTM of building 8 at Facebook and former COO of Google ATAP) and David Roux (Co-Founder and former Chairman of Silver Lake Partners).
Krauss said in an interview that the company is not commenting on its valuation, except to note that it is “very much” an up round. Funderbeam estimates the valuation at $400 million, although Zirra puts it at considerably less than that, $150 million – $200 million pre-money, specifically more like $170 million – $190 million, according to Zirra’s Aner Ravon. We’re continuing to ask around.