RALEIGH, N.C. — PrecisionHawk announced that DuPont has joined its previously announced round of series C funding. As a top provider of drones and drone data tools for the agricultural market, PrecisionHawk has been providing its tools and services to DuPont as a customer for a number of years. This collaboration will work to accelerate the commercial use of drones.
“At DuPont Pioneer, we’re driving a new era of agriculture productivity that enables farmers to increase profitability and sustainability through data-driven insights,” said Neal Gutterson, DuPont Pioneer vice president of research and development. “The deepening of our relationship with PrecisionHawk is an important part of the Pioneer digital agriculture platform strategy, as well as our Encirca services offering. Our goal is to provide growers valuable prediction-based product placement insights by incorporating elite genetics, agronomic management and environmental variation analysis into our already successful prediction-based breeding program.”
This investment brings PrecisionHawk’s total funding to more than $30 million to continue product innovation and global expansion of the company’s terrestrial data services, DataMapper and low-altitude safety infrastructure, LATAS.
Both DuPont and PrecisionHawk recognize the opportunity for drone technology solutions in agriculture. Previous analyst reports have estimated this economic impact to exceed $60 billion over the next 10 years.
“Working with an influential client like DuPont, we immediately saw the value that has yet to be unlocked for aerial data analysis in agriculture,” said Christopher Dean, president of PrecisionHawk. “With investors now representing the agriculture, insurance and telecommunication industries, PrecisionHawk is well positioned to understand the nuance that will help us create unique value for all of our commercial partners.”