Malaysian drone solutions provider Aerodyne raises $30m

Company wants to use funds to accelerate global expansion

A drone sprays water during an operation to reduce air pollution near the Giant Swing and Wat Suthat in Bangkok, Thailand in January 2019. © Reuters

MARS W. MOSQUEDA JR., DealStreetAsia

October 18, 2019 18:22 JST

CEBU, Philippines -- Malaysia-based drone solutions provider Aerodyne Group has raised $30 million in a Series B funding round co-led by InterVest and Kejora Ventures to ramp up global expansion.

In a statement, Aerodyne said that VentureTECH, Gobi Partners and 500 Startups participated in the funding round, which was closed nearly 20 months after the startup raised a double-digit million-dollar sum from Axiata Digital Innovation Fund.