Kespry is a technology company.
Kespry has raised $61.0M across 3 funding rounds.
Key people at Kespry.
Kespry has raised $61.0M in total across 3 funding rounds.
Kespry has raised $61.0M in total across 3 funding rounds.
Kespry's investors include 01 Advisors, Cisco Investments, DCM, Felicis Ventures, Felix Capital, Floodgate, G2VP, Karim Faris, LGF, Liquid 2 Ventures, Long Journey Ventures, Menlo Ventures.
Key people at Kespry.
Kespry is a drone-based aerial intelligence platform designed for industrial enterprises, enabling automated capture, analysis, and sharing of site data to accelerate operations.[1][2][3] It serves sectors like mining, aggregates, construction, pulp & paper, waste services, and energy by providing tools for stockpile measurement, mine surveying, earthworks optimization, and inventory management, replacing dangerous manual processes with safe, accurate drone flights and AI-driven insights.[1][3][4][7] Acquired by Firmatek in 2021, Kespry now operates as a subsidiary, delivering end-to-end solutions including hardware, software, and cloud analytics that generate actionable 3D models and metrics like volume, tonnage, cut/fill, often processed in 24-48 hours.[2][3][7] Its growth stems from industrial demand for frequent, precise data, with early adoption in high-risk environments boosting efficiency and safety.[4][6]
Kespry was founded in 2013 by Paul Doersch, a Stanford alum, who identified the need for affordable, accurate volume estimation of aggregate stockpiles in construction and mining, where manual surveys were error-prone and hazardous.[2][6] The company name blends "Osprey" and "Kestrel," birds of prey, reflecting its aerial focus, and started in Menlo Park, California (later HQ moved to San Antonio, Texas under Firmatek).[4][5][6] Doersch's vision led to an all-in-one system—drone, iPad app, and cloud services—offered via annual lease to lower barriers, enabling unlimited use without per-flight fees.[6] Early traction came from aggregates, with pivots to asset management via Nvidia's Jetson TX1 AI for adaptive imaging.[6] George Mathew joined as Chairman and CEO in early 2017, bringing expertise from Alteryx, Salesforce, and SAP to scale strategy and operations.[1] Cisco Investments backed it as a leader in industrial drones, highlighting post-disaster rescue uses.[4] Firmatek's 2021 acquisition integrated Kespry into its scanning ecosystem.[2][3]
Kespry rides the industrial drone revolution, fueled by AI, cloud computing, and demand for real-time geospatial data in resource-heavy sectors facing labor shortages and safety regulations.[2][4][6][7] Timing aligns with post-2010s drone commercialization and 2020s AI advances (e.g., Nvidia partnerships), enabling shift from sporadic manual surveys to routine automation amid mining/construction booms driven by infrastructure spending and sustainability mandates.[4][6][7] Market forces like rising material costs and ESG pressures favor its precision (e.g., accurate tonnage for inventory), while Firmatek integration amplifies reach in scanning/3D modeling ecosystems.[2][3] It influences the landscape by standardizing "aerial intelligence" as a single source of truth, inspiring competitors and enabling data-driven decisions that cut errors, boost efficiency, and support trends like digital twins in heavy industry.[1][3][7]
Kespry is poised to deepen Firmatek's dominance in industrial site intelligence, expanding Kespry Cloud analytics to emerging uses like pulp & paper optimization and waste volume tracking amid AI-enhanced autonomy.[2][7] Trends like edge AI, 5G for faster drone swarms, and regulatory easing for BVLOS (beyond visual line of sight) flights will accelerate adoption, while sustainability pushes (e.g., precise earthworks for emissions reduction) align perfectly.[4][6][7] Its influence may evolve from niche drone provider to core platform for geospatial ops, potentially through acquisitions or partnerships, solidifying the end-to-end model that first transformed hazardous stockpiles into safe, instant insights.[1][3]
Kespry has raised $61.0M across 3 funding rounds. Most recently, it raised $33.0M Series C in December 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2017 | $33.0M Series C | 01 Advisors, Cisco Investments, DCM, Felicis Ventures, Felix Capital, Floodgate, G2VP, Karim Faris, LGF, Liquid 2 Ventures, Long Journey Ventures, Menlo Ventures, MKT1 Capital, Outrun Ventures, Pareto Holdings, Project A, Sequoia Capital, TDK Ventures, Third Point Ventures, True Ventures, Unusual Ventures, Wave Capital, Erik Blachford, Glenn Winokur, John Johnson, Ryan Orr, Will Brooks, Will Martin | |
| Jun 1, 2016 | $16.0M Series B | 01 Advisors, DCM, Felicis Ventures, Felix Capital, Floodgate, LGF, Liquid 2 Ventures, Long Journey Ventures, Outrun Ventures, Pareto Holdings, Project A, Sequoia Capital, TDK Ventures, Third Point Ventures, Unusual Ventures, Wave Capital, John Johnson, Ryan Orr, Will Brooks, Will Martin | |
| Oct 1, 2014 | $12.0M Series A | Sequoia Capital, Third Point Ventures, Unusual Ventures |