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DroneDeploy hits break-even, lands $15M to supercharge AI

DroneDeploy just hit a major milestone, and it could reshape the future of construction, inspection, and site management for drone pilots everywhere. The reality capture leader has officially reached break-even, meaning it’s now fully self-sustaining. Instead of chasing profitability, the company can plow every dollar it earns straight into product development, and its first move is big: a $15 million strategic raise dedicated entirely to advancing its AI and robotics offerings.

For drone pilots who’ve been watching the company’s rise over the past decade, this is a turning point. “Reaching break-even means we’ve proven the sustainability of our company, and are able to invest all future earnings in products and services that enable our customers,” says Mike Winn, CEO and cofounder of DroneDeploy.

And that investment is going directly into some pretty futuristic tech. The funding will fuel Progress AI — DroneDeploy’s new vision-language solution that turns drone flights and 360° walkthrough data into instant, 95%+ accurate progress reports. For contractors managing massive projects like hyperscale data centers, that means fewer delays, better decisions, and lower costs, all without spending hours manually crunching data.

But it doesn’t stop at AI reports. DroneDeploy is pushing further into robotics, aiming for a future where autonomous drones, quadrupeds (think robotic dogs), and even future humanoid systems roam job sites, capture data, and flag safety risks — all without a human on the sticks. This builds on the company’s acquisition of Rocos, which gave it a robotics operating system designed to deploy fleets of ground and aerial robots at scale.

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Industry investors are excited. Existing backers, including Emergence Capital and Scale Venture Partners, have doubled down on this latest round. “DroneDeploy sits uniquely at the intersection of AI and robotics, with years of specialized data that power systems no one else can build,” says Kevin Spain of Emergence Capital.

DroneDeploy’s disciplined approach to growth has set it apart from competitors who struggled after the overfunded 2021 cycle. By prioritizing operational fundamentals over sky-high valuations, the company was able to become profitable while competitors cut back.

For pilots, this means more tools that do the heavy lifting: from faster site mapping to risk detection that could keep crews safer on the ground. Whether you’re a commercial drone operator mapping construction sites or a recreational pilot curious about where the industry is headed, DroneDeploy’s next chapter looks like it could bring the “fully autonomous job site” closer to reality.

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Avatar for Ishveena Singh Ishveena Singh

Ishveena Singh is a versatile journalist and writer with a passion for drones and location technologies. She has been named as one of the 50 Rising Stars of the geospatial industry for the year 2021 by Geospatial World magazine.