Hunter drones on at Measure Australia
June 14, 2016
By Ray Shaw
Drones are increasingly becoming a mainstream business tool, and the recent relaxation of CASA regulations means more of them will be used for more applications.
Respected financier and private equity investor Matthew Hunter has joined Measure Australia as chairman. He has also invested in the company through his private investment firm, Rivendell Capital.
Measure Australia provides drones “as a service” to large businesses in the real estate, insurance, agriculture, infrastructure and mining industries. It uses drones to capture data more safely and efficiently than traditional aircraft or manual services.
Measure Australia chief executive Mark Stevens said: “We are obviously delighted to have someone of Mathew’s calibre join us as chairman. I’m looking forward to working with him to continue to educate corporate Australia on the benefits of drones.”
Hunter has more than 20 years of experience in the finance industry, working with JPMorgan, Goldman Sachs, Merrill Lynch and private equity firm, The Carlyle Group, where he served as the firm’s Australian managing director.
He has previously served as a non-executive director of Healthscope and Coates Hire, and is presently a non-executive director of Medi-Rent, an advisory board member of Atlas Trend and a governor of the Centennial Parklands Foundation.
He has significant experience investing in private companies as well as early stage ventures. He established Rivendell Capital in 2015 to undertake venture capital and private equity investments.
“Measure Australia already flies for some of the country’s most respected businesses and is rapidly proving the value of drones across diverse industries. I’m looking forward to using my experience and networks to help the company consolidate its position as Australia’s leading provider of drones services,” Hunter said.
Globally the drone industry has been growing at an incredible rate. A recent report from PwC valued the commercial drone industry at more than US$127 billion.
Measure has developed proprietary software to securely house and deliver data to customers in a variety of formats. Photography and video are the most common, but the data might also be in the form of geographical information, heat mapping or other bespoke requirements.
Measure Australia flies both rotor-copter and fixed-wing aircraft and matches the drone and data capture device to each brief. Pilots are trained for specific industries, learning what to look for on an infrastructure job or taking the best photography to sell to a commercial property.
“Some clients need real-time data, while others are happy to wait to review the output, so each mission requires a unique set-up. It’s that level of sophistication and bespoke solutions that is gaining the attention of large corporates,” Hunter added.