WASHINGTON, Jan. 17, 2017 /PRNewswire/ -- Measure, the
nation's leading Drone as a Service® operator, announced today that
it has raised $15 million in Series B financing with
LionTree Advisors acting as the financial advisor. Measure
and its national network of licensed pilots provide turnkey
solutions to acquire, process, and deliver actionable aerial data
to enterprise customers.
Since Measure's last investment round in September of
2015, Measure has established itself as the leader in
comprehensive drone services, pioneering use cases such as
cell tower inspections, construction development, precision
agriculture, disaster response, live media coverage, and more.
In 2016, Measure pilots, many of them veterans, flew
over 1,100 flights for some of the largest and most innovative
Fortune 1000 companies.
"Our vision for the company has always been to provide safe,
legal, and insured operations at scale for enterprise
organizations," said Measure Chairman Robert Wolf. "We have an innovative
business model, an amazing team, and now the capital to reach our
desired scale. We hope to propel the entire industry forward
with our growth."
"Drone services is one of the fastest growing technology
segments with the potential to provide extraordinary value to
industries such as insurance, manufacturing, logistics, oil and
gas, retail, government, and media and communications.
Cognizant is excited to deepen our relationship with Measure
through this investment and bring our world-class digital
capabilities, such as advanced data analytics and software
development, to enterprise customers looking to create value from
data collected via drones," said Sean
Middleton, President of the Cognizant Accelerator, of which
Cognizant Ventures is a division.
"This is a tremendous moment for Measure and for the drone
industry and we believe 2017 is when everyone pivots towards
services. This investment round will help make it possible to
expand to new customers; we look forward to continuing to work with
Cognizant to offer new, innovative services around data analysis
not currently available in the market," said Brandon Torres Declet, CEO of
Measure.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading
provider of information technology, consulting, and business
process services, dedicated to helping the world's leading
companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines
a passion for client satisfaction, technology innovation, deep
industry and business process expertise, and a global,
collaborative workforce that embodies the future of work.
With over 100 development and delivery centers worldwide and
approximately 255,800 employees as of September 30, 2016,
Cognizant is a member of the NASDAQ-100, the S&P 500, the
Forbes Global 2000, and the Fortune 500, and is ranked among the
top performing and fastest growing companies in the world. Visit us
at www.cognizant.com or follow us on Twitter: Cognizant.
About Measure
Measure is the nation's leading Drone as
a Service® company. We provide turnkey solutions to acquire,
process, and deliver actionable aerial data to enterprise
customers. Measure leverages best-in-class technology to
outfit its fleet of drones and highly trained pilots to perform
operations that are safe, legal, and insured. We don't make drones.
We make drones work.
More information is available at
www.measure.aero. Facebook: www.facebook.com/MeasureUAS.
Twitter: @droneasaservice.
Contact: Vania Wang
(202) 793-3052, media@measure.aero
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SOURCE Measure