DroneBase Gets New Name: Company Raises $55 Million, Rebrands As Zeitview
DRONELIFE Staff Writer Ian M. Crosby
After securing a $55 million investment, advanced inspection software company DroneBase Zeitview.
Continue reading below or listen to:
led the round Valor Equity Partners, with participation from existing investors Union Square Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, and Hearst Ventures. The newly raised funding will support the company’s AI-enabled software and global footprint in advanced inspection solutions. Last year’s rapid growth in the renewable energy sector led to North America Solar Scan (NASS) is the first set of standardized solar asset ratings to improve the monitoring of solar farms in the United States. Zeitview inspected 43 GW of solar capacity last year.
Going forward, Zeitview will continue to create advanced inspection software that provides property owners with quick and accurate insight, lower costs, improved performance and longevity. The company’s new name reflects an increasingly diverse range of data capture tools. In addition to rotary wing drones, Zeitview deploys manned aircraft and smartphone technology to provide suitable and flexible solutions for clients. The new name, which means ‘Time View’, better represents the company’s offerings and its goal to advance the transition to renewable energy and sustainable infrastructure.
“We understand how important time is to our clients. On the one hand, our clients need fast and accurate analysis of the health of their assets. resources,” said Dan Burton, founder and CEO of Zeitview. “We are increasingly uncertain about which tools to use to get the most accurate data, but we are confident that our AI-enabled software solutions can provide that immediate answer and a long-term home for our customers.” We appreciate that Valor recognizes the power of our comprehensive offerings to help clients build, protect and maintain infrastructure across multiple asset classes and across the globe. They understand innovative energy and infrastructure software and embrace businesses that use technology to solve complex operational problems.”
The partnership with Zeitview and Valor will enable the company to continue shaping the aviation inspection industry with new technology and proprietary AI software. Valor’s history with complex software-driven companies strengthens Zeitview’s ability to improve data capture capabilities through automation.
Vivek Pattipati, partner at Valor Equity Partners, said: “With Zeitview’s continued expansion of its services and commitment to providing accurate real-time insights through advanced inspection software, we are naturally on track with our mission. We look forward to helping them enter the next phase of their aerial imagery and data solutions.”
Zeitview also provides a long-term solution for monitoring asset changes over time. The company maintains its commitment to improving its drone services while providing its customer base with new tools to meet their needs. Zeitview continues to be a pioneer in establishing the future of unlimited information gathering.
read more:
Ian attended Dominican University in California and graduated with a BA in English in 2019. With his lifelong passion for writing and storytelling and keen interest in technology, he now contributes to his DroneLife as a staff writer.
Miriam McNabb, editor-in-chief of DRONELIFE and CEO of professional drone services marketplace JobForDrones, is a fascinating observer of the emerging drone industry and drone regulatory environment. With her 3,000+ articles focused on the commercial drone space, Miriam is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and high tech she has over 20 years of experience in sales and marketing new technologies.
For drone industry consulting or writing, please email Miriam.
twitter:@spaldingbarker
Subscribe to Drone Life here.
