Menlo Ventures backs Dedrone's $10m round

Dedrone will use the fresh capital to improve its drone detection technology and to expand its sales and marketing teams. The startup expects the drone detection market to be worth $1.14bn by 2022.

Menlo Ventures' Venky Ganesan will join Dedrone's board of directors. The VC closed its 12th fund on $400m in April last year.

Company
Dedrone is the developer of DroneTracker, a software-based drone detection platform. Its customers include data centres, prisons, oil and gas institutions and stadiums. DroneTracker attaches to exterior walls of buildings, rooftops or special masts, using a combination of audio, video, wifi and RF sensors to identify illegal drones in the vicinity. The business was founded in Kassel in 2014 and has 40 employees.

People
Dedrone – Joerg Lamprecht (CEO).
Menlo Ventures – Venky Ganesan (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• DACH
• Technology
• Germany
• Venture