DroneDog, a trailblazing startup incubated by MIT roommates Damon Henry, Adam Mohamed, and Brent McLaughlin, has netted a fulsome $45 million round. This revolutionary infusion further strengthens their hand in the rapidly developing security technology industry. This round includes a big $26 million Series B investment. The company’s strength lies in providing an RaaS (Robot-as-a-Service) model. With this powerful new service, clients can rapidly deploy robotic systems that behave exactly like human bodyguards.
DroneDog CEO Damon Henry shared how his company came close to going out of business in 2021. That was true for a time, but it has come roaring back ever since. Mike shared that their RaaS model has completely transformed the landscape for how security services are delivered. This creative new model isn’t free, though—it costs an average of $100,000-150,000 per year.
“The system flew consistently, perfectly all day long,” he stated, emphasizing the reliability and performance of their robotic solutions.
DroneDog’s technology has already won contracts with industry heavyweights. The company took an exciting step forward as it recently received its first Department of Defense contract. Onboarded three Fortune 500 clients on that very same day. So that’s an exciting day. The first of these high-profile clients was Ford, which joined the platform in 2019.
Aside from building its customer base, DroneDog has provided systems to 15 different states and has a staff of 65 full-time employees. This exceptional growth is indicative of the demand for automated security solutions across industries and corporate sectors.
Damon Henry provided some excellent advice as well on his grassroots networking approach that paved the way for this latest round of funding. “I went to an event last summer, a New York Tech Week event, and I happen to have met every investor that’s in the round at that event,” he remarked. This forward-thinking strategy has obviously reaped dividends, allowing DroneDog to lure the vital investments necessary to continue to grow.
DroneDog is always pushing the limits of technology and their service offerings. The announcement is all part of the company’s efforts to cement its leadership in the burgeoning robotic security space. The company develops cutting-edge technologies that improve safety. They provide companies an efficient and economical replacement to human security services.