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 corporates 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.”

About SwissDrones

SwissDrones is a provider of integrated aerial intelligence solutions for energy infrastructure, emergency & safety and environmental management, where it drives efficiency, cost effectiveness and sustainability for leading organizations in the commercial and public sector. For more information, please visit www.swissdrones.com.

About Chevron Technology Ventures

Chevron Technology Ventures identifies and invests in externally developed technologies and new business solutions with the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. For 25 years, CTV has been the primary on-ramp for external innovation into Chevron. For more information, please visit www.chevron.com/technology/technology-ventures.

About DiamondStream Partners

DiamondStream Partners invests in aviation and aerospace related companies targeting aerial solutions, unmanned systems, and supporting elements of the value chain. The team has decades of experience in aviation and aerospace in leadership positions, senior advisory roles and as investment principals. For more information, please visit www.diamondstreampartners.com.

About Ingleside Investors

Ingleside Investors is a financial holding company representing the investment interests of the Israel family. The firm (including its predecessors) has been involved in global financial markets for over a century and currently invests in a wide range of financial assets with a focus on private equity. For more information, please visit www.inginv.com.