Japans Terra Drone gets $14M lift from Saudi investors

News Summary

  • CEO of Terra Drone Toru Tokushige founded Terra Drone in 2016 to develop drone software like global air traffic management to prevent collisions by enabling safe and efficient drone and urban air mobility operations.
  • With the latest funding, Terra Drone plans to set up a new subsidiary, Terra Drone Arabia, wholly owned by Terra Drone, and further promote drone inspections in the region.
  • The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97 million since its inception in 2016.
  • Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia.
  • “Supported by the global track record of Terra Drone, our investment represents a compelling attempt at building the UAM ecosystem in the Kingdom, one that circles a sustainable economy,” said managing director at Wa’ed Ventures Fahad Alidi.
  • Denmark uses Terra Drone’s uncrewed aircraft traffic management (UTM) in Danish health drones and its Health Drone Project to carry blood and medicine.
Terra Drone said today it has raised $14 million in Series C funding from Waed Ventures, the venture capital arm of Saudi Aramco, marking the VC firms first investment in Asia.The Japanheadquar [+2937 chars]