ZenaTech Expands DaaS to California
Deal News | Jul 02, 2025 | Globenewswire
ZenaTech, a company specializing in drone technology and AI-driven solutions, has signed a proposal to acquire a civil engineering and surveying firm based in North Carolina. This marks ZenaTech's first proposed transaction on the U.S. west coast, strategically entering the California market, which is highly regarded for drone-based precision agriculture. California's vast agricultural economy, coupled with diverse crops and challenges like labor and water shortages, positions ZenaTech to leverage its Drone as a Service (DaaS) offerings. The acquisition aims to expand ZenaTech's operations in surveying, precision spraying, irrigation analysis, and wildfire detection within California's wine and agriculture sectors. With the global agricultural drones market projected to reach $10.3 billion by 2030, California is seen as a key growth region, hosting a significant amount of U.S. vineyard area. ZenaTech's autonomous, AI-driven drones offer scalable innovations tailored to the needs of commercial enterprises and public sector stakeholders, while reducing traditional operational costs.
Sectors
- Drone Technology
- Agriculture Technology
Geography
- United States – The proposed acquisition and the strategic expansion of ZenaTech into California are focused within the United States.
- California – California is a key target for ZenaTech’s expansion due to its significant role in U.S. agriculture and viticulture.
Industry
- Drone Technology – ZenaTech is expanding its drone technology offerings with a focus on Drone as a Service (DaaS) for precision agriculture in California.
- Agriculture Technology – The article highlights the role of drones in enhancing precision agriculture, particularly in California's expansive and diverse agricultural sector.
Financials
- USD 10.3 billion – Projected value of the global agricultural drones market by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ZenaTech, Inc. | Bidding Company | Company | ZenaTech is a technology company specializing in AI-driven drone solutions and Drone as a Service (DaaS). |
| Shaun Passley, Ph.D. | CEO | Person | Chief Executive Officer of ZenaTech, leading the strategic expansion into California. |
| Unnamed North Carolina Engineering Firm | Target Company | Company | The civil engineering and surveying firm ZenaTech plans to acquire. |
| Linda Montgomery | Media Contact | Person | Media contact for ZenaTech, providing information about the acquisition proposal. |