Autonomous software startup Unmanned Life is in the process of raising a £10 million Series A round, PitchBook has learned. The company's technology helps link different types of drones—whether on the ground or in the air—to create autonomous workforces for the logistics, telecoms and automotive industries, among others.
The investment, which is scheduled to close at the end of 1Q, has attracted interest from a number of big-name tech companies and institutional investors, according to company founder and CEO Kumardev Chatterjee.
"Automotives and other sectors are hot now regarding AI," said Chatterjee. "But what you need is the devices and vehicles to work together autonomously. Our software manages that at the system and fleet levels, making it simple and straightforward to deploy Autonomy-as-a-Service."
In addition to the funding, Unmanned Life is nearing a partnership with one of Europe's largest postal companies to implement its software in a mail-sorting capacity.
Chatterjee says his business will also focus on the telecommunications industry this year, and that it's close to agreeing a deal with one of the largest telco operators in the US.
"The 5G rollout is industry-driven," he added. "We can partner with telcos to extend and amplify coverage networks using drones, as well as provide enterprise-specific services such as autonomous drone-based surveillance, facilities management and parcel delivery.”
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