Dronefence gets seed investments

Dronefence, a developer of drone tracking and security systems, has received seed funding from Larnabel Ventures, a fund founded by the Gutseriev family to invest in the information technology sector, VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, Boundary Holding led by Rajat Khare, and the Technology and Business Consulting Group led by Pushkar Lugani, the company said.

Commercial unmanned aerial vehicles (UAVs), also known as drones, have the potential to jeopardize the public safety if used recklessly or inappropriately.

Using state-of-the-art technology and artificial intelligence capabilities, in collaboration with Toni Drescher, Head of Technology and Innovation Management of the Fraunhofer Institute for Production Technology, Dronefence develops UAV tracking and security systems for commercial applications, helping to detect unsanctioned drones so that these vehicles can be apprehended.

The company´s patent-pending technology uses a unique sensor combination and Stereo Camera system to identify and localize UAVs — machine learning algorithms analyze data collected from a wide range of sensors and are then able to identify different UAV types and differentiate authorized UAVs from ones that could pose a potential security risk.

Dronefence customers will range from commercial businesses and public venues, such as shopping malls and concert arenas, to government buildings, airports, and industrial plants.

Dronefence develops tracking and security systems for the detection of commercial unmanned aerial vehicles (UAVs). The company is currently developing sky-tracking modules that can be customized to monitor air space over a wide variety of terrains, suitable for a range of commercial, industrial, and governmental spaces. The company was founded in 2016 and is based in Aachen, Germany.