Drone as a Service company Measure completes significant funding round
Measure, a drone startup that is ﻿leading the﻿ Drone as a Service market, has completed a significant capital raise in order to become independent from 32 Advisors. Measure has been focusing on the agriculture, energy, insurance and infrastructure inspection industries, loaning drones to companies which need to carry out monitoring or data collection activities. Back in September we mentioned that Measure received approval from the FAA to operate more than 300 drones, more than any other commercial operator in the US. Using the funding, Measure will be able to expand its operations across the US.

A drone start-up coming off a big win with the Federal Aviation Administration now has a fresh cash pile to put more planes in the air.

Washington, D.C.-based Measure announced Wednesday it completed a "significant" funding round for an undisclosed amount and will become independent from investment firm 32 Advisors. The 1-year-old "drone as a service" company uses the unmanned aircraft to gather data for clients in areas ranging from agriculture to insurance to disaster relief.

The cash stream comes shortly after Measure cleared a major hurdle with the FAA, which can give exceptions for commercial use in the absence of blanket regulations for businesses. Earlier this month, it gave Measure permission to deploy more than 300 models of the aircraft, more than any other commercial operator.

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Measure says the money will help it expand industrial offerings and open a new Texas office at a time when diverse sectors have started to experiment with the budding technology.



"We think that services are the future. Large customers won't have to worry about owning and operating their own drone fleet," Measure CEO Brandon Torres Declet told CNBC.