Kespry

The company's business model centered on a subscription or annual lease system, providing clients with the drone hardware, cloud processing services, software upgrades, and support for a fixed price. This addressed the high-cost barrier for businesses looking to adopt drone technology. Kespry's primary markets included mining and aggregates, construction, and insurance. For mining and construction, the platform offered an earthworks toolset for measuring stockpiles, monitoring site conditions, and managing cut-and-fill quantities, which enhanced safety by eliminating the need for manual inspections on potentially hazardous stockpiles. In the insurance sector, the system was used for roof inspections, utilizing high-resolution cameras and machine learning to automatically identify damage, such as from hail.

Kespry developed its own drone hardware, like the Kespry Drone 2.0, which featured longer flight times, greater wind resilience, and onboard LiDAR for obstacle avoidance. The platform was designed for automation; users could plan missions on an iPad, and the drone would execute the flight autonomously, with data automatically uploaded to the Kespry Cloud for processing into 2D and 3D models. Over time, the company shifted to a more hardware-agnostic approach, allowing customers to integrate their own drones, such as the DJI Phantom 4 RTK, into the Kespry platform.

A significant milestone occurred in October 2021 when Firmatek, a company specializing in stockpile measurement and 3D mapping, acquired Kespry's drone-based aerial intelligence platform. This acquisition focused on the assets related to the mining, aggregates, and construction verticals, while the assets for the insurance and roofing business were not included in the transaction. The combination aimed to merge Firmatek's industry experience with Kespry's AI-driven SaaS platform to enhance data processing and analytics for clients in mining, aggregates, and landfill management.