- Valor Equity Partners invested $55 million in the drone imagery firm, which is working on building an AI-enabled asset-monitoring software development
- DroneBase recently rebranded to ‘Zeitview’ to better represent expanding air and ground data capture solutions
An emerging player in the domain of advanced inspection software for energy and infrastructure, DroneBase recently announced that it secured $55 million in investment and rebranded as Zeitview. The funding round was led by Valor Equity Partners, an operational growth investment firm backing technology and technology-enabled companies. The company will utilize the new funding to support its AI-enabled software and global footprint in advanced inspection solutions.
The company attributed the name change to its increasingly diverse data capture tools: alongside rotary-wing drones, Zeitview inspection professionals use crewed aircraft and smartphone technologies to create relevant, flexible solutions for clients. It claimed that its accompanying software platform provides clients with easy access to data results and analytics anywhere.
Zeitview means ‘time view’ and better captures the nature of the company’s services and mission to accelerate the transition to renewable energy and sustainable infrastructure, it mentioned.
Existing investors, which include Union Square Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, and Hearst Ventures also followed the round. As Zeitview, the company aims to continue building advanced inspection software that delivers fast and accurate insights, lowers costs for asset owners and improves performance and longevity.
The founder and CEO at Zeitview, Dan Burton remarked: “We appreciate how important time is to our customers: on the one hand, they need immediate and accurate analysis about the health of their assets; on the other, they are building energy and infrastructure resources to last for decades. We are confident that our AI-enabled software solutions can deliver that immediate answer and a long-term home for our customers, while we are increasingly agnostic about what tool we use to capture the most accurate data. We are grateful that Valor recognizes the power of our comprehensive services to support customers to build, protect, and maintain infrastructure across multiple asset classes and around the world. They understand transformational energy and infrastructure software and embrace businesses that use technology to solve operationally complex problems.”
The partners believe that Valor’s hands-on operational track record with complex software-led companies bolsters Zeitview’s commitment to increasing data capture capabilities through automation.
Partner at Valor Equity Partners, Vivek Pattipati opined, “Valor has been a long-term champion of data science and analytics to improve businesses. With Zeitview’s continued expansion of services and commitment to delivering accurate, real-time insights through advanced inspection software, we are naturally mission-aligned. We look forward to supporting Zeitview as they launch this rebrand and enter the next phase of aerial imagery and data solutions.”
Active in over 70 countries, Zeitview works to build advanced inspection software to deliver fast, accurate insights, lower costs, and improve asset performance and longevity. Zeitview claims to have inspected 43 GW of solar capacity in the last year.
Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development.