Zurich-based aerial intelligence company SwissDrones secures €9.2M from Chevron Technology Ventures, others

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Zurich-based SwissDrones, an aerial intelligence company, announced on Monday, May 13, that it has raised $10M (approximately €9.2M) in a Series B equity growth funding round.

The round was backed by a consortium of investors, including aviation investor DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, as well as, existing shareholders.

This investment will advance the company’s ability to deliver its integrated solution combining long-range unmanned helicopters, aviation-grade flight operations, and large-scale data analytics for crucial applications in public safety, search & reconnaissance, and infrastructure inspection globally.

“We are excited to close this round with such high-caliber investors now joining our growth journey. The proceeds will be deployed to further expand our global footprint to address the tremendous market demand for our integrated solutions from corporate and public sector entities around the world,” says Ulrich Amberg, CEO of SwissDrones.

SwissDrones: Enabling unmanned aerial intelligence

Founded in 2013, SwissDrones is a manufacturer and operator of long-range unmanned helicopter systems designed to replace manned helicopters.

As a result, the company enables safe and cost-effective unmanned aerial intelligence solutions for surveillance, inspection, and search & reconnaissance missions beyond visual line of sight.

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SwissDrones’ unique twin-rotor unmanned helicopter systems are designed to replace manned helicopters at reduced costs, significantly lower carbon emissions, and without putting crews at risk when operating in challenging conditions. 

The systems allow for the integration of high-end sensor payloads and enable long-range, beyond-visual line of sight (BVLOS) operations both day and night with a flight endurance of multiple hours. SwissDrones’ aircraft are in operation across Asia, Europe, and North America.

“With a solution that is designed to gather data more efficiently at lower cost and with less risk to workers, SwissDrones can enable advanced field operations and improved safety,” says Jim Gable, Vice President of Innovation in Chevron’s Technical Center and President of Technology Ventures at Chevron. 

“This is the latest investment from our Core Fund, which focuses on high-growth startups and breakthrough technologies that have the potential to improve Chevron’s core oil and gas businesses, as well as create new opportunities for growth. We welcome SwissDrones to the portfolio,” adds Gable. 

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Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

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