Zurich, Switzerland – May 13, 2024 – SwissDrones, a leading aerial intelligence company, has announced the closing of its Series B equity growth funding round, securing over USD 10 million from a consortium of investors including aviation investor DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, and a continued commitment from existing shareholders, marking another significant milestone in the Company’s rapid development. The transaction closed on April 2, 2024.

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,” said Ulrich Amberg, CEO of SwissDrones.

“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,” said 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.”