Droneify Holdings Limited

General Information

We are a development-stage technology company focused on designing, developing, and deploying drone-enabled solutions and technology for the purposes of capturing, analyzing, and reporting on data to assist customers in a variety of industries, allowing them to improve decision-making and reduce operational risks and costs. We offer leading-edge aerial intelligence solutions with an emphasis on automating complex, recurring operations that are required for compliance and growth. (Incorporated in the Cayman Islands) 

We serve clients across a variety of industries, with a current emphasis on niche markets such as utilities, energy, construction, and infrastructure. We are actively developing an online-based drone operations, software, and hardware management system, with the goal of using this platform as the basis for a broader solution that integrates the collection, storage and analysis of data for end users within a platform-as-a-service, or PaaS, subscription model.

We have three main categories of business operations:

•        Drone Solutions.    Our drone solutions division provides drone services, such as inspections, surveying, and marketing work to customers across a wide range of industries. The services are carried out by a network of drone pilots managed by us. Collected data is processed, analyzed, and delivered by us to our customers.

•        Data Analytics.    Our drone analytics division will offer software tools for customers and drone market participants to source job opportunities, purchase hardware, analyze, manage, or store data, and more with software-as-a-service, or SaaS, features. The platform, called “Droneify”, is still in the development stage.

•        Drone Hardware.    Our drone hardware division develops advanced drone hardware solutions for use in the military and heavy industry applications. This business segment is still in the development stage.

Our plan is to provide one platform with all the hardware, insurance, and software features needed to start, run, or grow a drone business. Through financial and insurance partners, we will offer comprehensive services for rent-to-own hardware, low monthly fee insurance, and software. This will provide anyone with a low-cost method of entering the drone market.


**Note: Revenue and net income figures are in U.S. dollars for the 12 months that ended June 30, 2022.

(Note: Droneify Holdings Limited filed its S-1 and dlsclosed its IPO terms on Feb. 8, 2023: 923,077 shares (0.9 million shares) at $6.00 to $7.00 to raise $6.0 million. Droneify submitted confidential IPO documents to the SEC on Sept. 30, 2023.)


Industry: Drone Services
Employees: 5
Founded: 2015
Contact Information
Address 103-482 South Service Road East Oakville, ON Canada L6J 2X6
Phone Number 1-866-895-7466
Web Address https://www.droneify.com/
View Prospectus: Droneify Holdings Limited
Financial Information
Market Cap $55.85mil
Revenues $0.78 mil (last 12 months)
Net Income $0.03 mil (last 12 months)
IPO Profile
Symbol DRFY
Exchange NASDAQ
Shares (millions): 0.9
Price range $6.00 - $7.00
Est. $ Volume $6.0 mil
Manager / Joint Managers Boustead Securities
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change