Canopy

Diligence · R3

Desk research registerUpdated 15 Sep 2026 · R3

Source register S01–S66

URLs, dates and qualifications. Vendor pages establish advertised offerings, not audited performance or Canopy partnerships.

Public desk research; final accuracy pass on 2026-09-15. Reopened 45 R1/R2 sources and added 21 primary references. Selected claims in four original repository documents reviewed. No customer interviews, invoices, live integrations, grant applications or operational validation performed. Accessed 2026-09-15. Release 2026.09.15-r2.1.

IDTitleTypeDateQualification / findingLink
S01 Iowa State University: 2026 Iowa Farm Custom Rate Survey Independent survey 2026-03 Page 3 drone application: average USD12.50/acre, median12, reported range8–16,47 responses; materials excluded. Page5 spraying/harvesting machinery labor average24.45/hour,81 responses. Rates expected in2026; not paid Canopy invoices. Range excludes minimum and maximum. Open
S02 AcreConnect pricing Published vendor price 2026 pricing; accessed2026-09-15 USD650/user/year billed annually. Free profile and flight-log features. Starting offer, not enterprise contract pricing or Canopy willingness to pay. Open
S03 AcreConnect product Vendor capability claim Accessed2026-09-15 Dispatch, flight logs, maps, reporting and integrations. Vendor usage counters are not audited market share. Open
S04 AcreConnect Service Provider Map Vendor announcement 2025-03-20 Service-provider discovery and service requests already exist. Open
S05 American Autonomy Vendor statement Accessed2026-09-15 Rantizo spraying operations sold August1,2025; software company rebranded American Autonomy. GCS/data interoperability strategy. Reorganization alone does not establish relative profitability. Open
S06 American Drone Network Vendor capability claim Accessed2026-09-15 CropSwipe marketplace, CropFlight logbook, repair support and input/insurance partners. Marketplace liquidity and realized GMV not established by this review. Open
S07 FarmFleet Vendor capability claim Accessed2026-09-15 Scheduling own and third-party resources, spraying services, documents and payment workflow. Global comparator based in Ukraine. Open
S08 SkyAgro Bulgaria Vendor service description Accessed2026-09-15 Field services and area/consumption reporting; FAQ has no fixed minimum field area and allows transport/fuel charge for small plots. Obtain direct quote before modeling. Open
S09 Taranis acquisition services Vendor capability claim Accessed2026-09-15 Managed imagery capture and service execution; distribution through agronomy/retail workflows matters. Open
S10 Hylio Vendor capability claim Accessed2026-09-15 US agricultural aircraft and AgroSol mission/operations software. OEMs also own workflow. Open
S11 Pyka Series B announcement by transaction counsel Transaction adviser announcement 2024-09-23 USD40m SeriesB financing; not disclosed valuation or comparable software economics. Open
S12 Cascadia advises Sentera sale to John Deere Transaction adviser announcement 2025-05-29 Strategic acquisition confirms integration value; no revenue multiple inferred. Open
S13 Energize: DroneDeploy acquisition agreement Investor transaction announcement 2026-07-29 Historical July2026 investor announcement of the USD845m DroneDeploy agreement and company origins in2013. Subsequent completion is now reported by the acquirer in S46; see S47 for announced consideration qualifications. Open
S14 DJI global agriculture adoption report announcement Manufacturer-reported adoption 2026-04-29 DJI reports more than600000 DJI agricultural drones operating worldwide by end2025, across100+countries/regions. Manufacturer-reported own-brand installed base, not all manufacturers, unique customers, independent environmental evidence or paying software accounts. Open
S15 FAA agricultural dispensing with UAS Regulator guidance 2026-05-05 update Part137 certification and applicable exemptions; weight-dependent operating rules. VLOS streamlined process. FAA approval does not replace state or product requirements. Open
S16 European Parliament procedure2025/0409(COD) Legislative status Accessed2026-09-15 Proposed amendment, awaiting committee decision in reviewed record; do not treat proposed liberalization as enacted permission. Open
S17 Directive2009/128/EC Legislation 2009; access2026-09-15 Article9 aerial-spraying prohibition with specified derogations. Country implementation and current product-specific permissions require local confirmation. Open
S18 Stripe US standard pricing Published vendor price Accessed2026-09-15 US locale: domestic online cards2.9%+USD0.30; ACH direct debit0.8% cappedUSD5. Geography and payment method matter; generic pricing URL may redirect by locale. Not Bulgarian rates or an assumed Canopy configuration. Open
S19 Stripe Connect US pricing Published vendor price Accessed2026-09-15 Platform-handled pricing:USD2/monthly active account;0.25%+USD0.25/payout; pricing table also lists0.25% funds routing. Exact configuration/contract must be confirmed; model does not silently omit this component. Open
S20 Vercel pricing Published vendor price Accessed2026-09-15 ProUSD20/month advertised, developer seatsUSD20/month and metered usage terms. Taxes excluded. A minimum vendor price is not total Canopy infrastructure cost. Open
S21 ABZ Innovation, Hungary Vendor description Accessed 2026-09-15 Agricultural aircraft and support ecosystem; Hungarian address. Not proof of a neutral pan-EU marketplace. Open
S22 AutoSpray Pilot Network Vendor network description Accessed 2026-09-15 Pilot directory, qualification/training and technical/regulatory support. AutoSpray states it is operator of record and pilots are delivery agents. Product/use permissions remain separate. Open
S23 HireDronePilot crop-spraying introductions Vendor marketplace description Accessed 2026-09-15 Brief review and operator introductions; client contracts directly with pilot. Page states no verified profile currently lists this exact crop-spraying service, so liquid supply is unproven. Open
S24 UK Agricultural Drones directory Directory description Accessed 2026-09-15 Agricultural operator discovery by county and quote requests. No independent audit of listings/credentials or transaction volume. Open
S25 HSE aerial spraying permits and drone pesticide application Regulator guidance Accessed 2026-09-15 No commercial on-label/EAMU drone pesticide authorisations currently; limited Extrapolated Trials Permits, specific Aerial Spraying Permits and CAA authorisation required. Open
S26 Droners.io commercial pilot marketplace Vendor capability claim Accessed 2026-09-15 Customers post jobs, compare licensed pilots and bids, review deliverables and pay. Broad photography and technical categories establish direct marketplace overlap; activity claims are not audited. Open
S27 FlyGuys Capture enterprise data capture software Vendor capability claim Accessed 2026-09-15 Mission templates, bulk site intake, pilot qualification, scheduling, QA and delivery across industries. Direct overlap with a broad coordination thesis. Claimed scale and savings are not independently validated here. Open
S28 Zeitview Asset Insights Vendor capability claim Accessed 2026-09-15 Asset lifecycle imagery, inspections, maintenance prioritisation and portfolio reporting across property, construction, solar, wind and utilities. Buyers can supply existing images. Do not equate listed capabilities to proven Canopy demand. Open
S29 FlyNex enterprise data platform and services EU vendor capability claim Accessed 2026-09-15 Leipzig-based software and service provider covers property, energy, telecoms, construction and transport. Data collection, analytics and asset management demonstrate EU competition beyond agriculture. Open
S30 Team UAV inspection, survey and response UK vendor capability claim Accessed 2026-09-15 UK inspection, mapping, construction progress, emergency and government services, with software and secure delivery. Includes defence-estate-related mapping experience claims; this is not evidence of a Canopy partnership. Open
S31 Drone Safe Register pilot discovery UK vendor capability claim Accessed 2026-09-15 Commercial pilot discovery and service matching already exist in the UK. A new homeowner booking layer is not greenfield. Open
S32 Spexi aerial imagery network Vendor capability claim Accessed 2026-09-15 Distributed capture, standardised geospatial products, repeated coverage and API delivery. A reusable aerial-data network is already contested; data licensing is not an automatic Canopy right. Open
S33 Percepto inspection intelligence Vendor capability claim Accessed 2026-09-15 Autonomous inspection, drone docks, geospatial data and analysis for infrastructure and energy. Canopy should validate an integration role rather than assume autonomy is an unoccupied market. Open
S34 Skydio sunsets consumer drone offerings Primary company pivot announcement 2023-08-10 Skydio announced a consumer exit to focus on enterprise and public-sector customers. This is a hardware-company precedent for focus, not proof that Canopy can reproduce its economics or valuation. Open
S35 Wild Dog Digital San Diego prices Published supplier price Accessed 2026-09-15 Drone photography USD199; standalone aerial video USD249. Aerial video added to a ground-video booking is separately USD199. Local supplier scope; sales-tax treatment and final quote require confirmation. Open
S36 Drone Studio North East packages Published supplier price Accessed 2026-09-15; page publication date not verified Basic GBP195; Premium GBP295; Full Production GBP945; Marketing Mastery GBP1495. The page says all prices include VAT and requests a final custom quote. Packages differ in photos, clips, production and social edits. Not a national mean or Canopy tariff. Open
S37 Ordnance Survey UAV procurement FOI231219 Public buyer disclosure 2024-02-22 Total successful bid GBP1,092,200; winning supplier Skeye ASI Ltd; ten bidders listed. Day-rate and pricing breakdown withheld. Historical total, not annual revenue, a live opportunity, a per-mission rate or a Canopy forecast. Open
S38 CAA drone operating categories Regulator guidance Accessed 2026-09-15 Open category includes low-risk commercial activities. Evaluate the aircraft, location and operation; commercial photography does not automatically require Specific-category authorisation. Open
S39 CAA Specific category Regulator guidance Accessed 2026-09-15 Operational-authorisation routes include PDRA01 and UK SORA. Pilot qualification and the operator's authorisation are distinct. A generic platform approval is not a flight permission. Open
S40 EASA Open category low-risk civil drones Regulator guidance Accessed 2026-09-15 Low-risk commercial work can use Open-category rules subject to aircraft class, pilot competence and operational restrictions. Open does not allow flight over assemblies of people. Local geographical zones still require checking. Open
S41 FAA commercial drone operators Regulator guidance Updated 2025-03-25; accessed 2026-09-15 Part 107 covers qualifying small UAS business operations. Night and over-people operations require the relevant rule conditions; controlled-airspace authorisation remains separate. Visual-line-of-sight waivers are among the stated waiver pathways. Open
S42 ICO guidance on drones and personal data Regulator guidance under review Accessed 2026-09-15 Purpose, proportionality, DPIA, notices, limited recording, secure storage and retention need attention. ICO flags guidance review following the Data (Use and Access) Act; reconfirm before deployment. Open
S43 UK export controls for dual-use software and technology Government guidance Updated 2025-07-07; accessed 2026-09-15 Assess controlled items, software/technology, end-use restrictions and sanctions. Defence-adjacent sales require transaction-specific review; not every drone software service is controlled. Open
S44 UK VAT rates Government tax reference Accessed 2026-09-15 Standard rate 20%. Used solely for an explicitly labelled standard-rated normalisation of supplier prices described as VAT-inclusive; company tax treatment requires confirmation. Open
S45 FlyNex pricing Published vendor pricing structure Accessed 2026-09-15 Enterprise offers are customised; no enterprise rate is disclosed. The EUR0 free plan supports up to three objects. A free planning tier is not a price benchmark for managed inspections. Open
S46 Procore reports completed DroneDeploy acquisition Primary acquirer announcement 2026-09-09 Procore states the acquisition recently completed. September 9 is the report date, not an inferred legal closing date. Do not treat all described future integrations as already delivered. Open
S47 Procore July DroneDeploy acquisition announcement Primary acquirer announcement 2026-07-29 Approximately USD845 million cash announced, subject to customary adjustments. Historical announced consideration; final adjusted consideration and revenue multiple not established here. Completion status updated by S46. Open
S48 Bulgaria Agricultural Census 2020: results and analyses No406 Official statistical publication 2022-10; 2020 census; hosted 2023 132742 total holdings; 5464 without UAA; 127278 with UAA and reported 35.9ha average. 37452 holdings have greater than zero and less than 1ha UAA. Total UAA4564152ha. Keep year, denominator and category boundary explicit. Open
S49 EnduroSat FRAME Max product Published manufacturer price Accessed 2026-09-15 Published USD unit prices by order size: one9.5m; ten8.1m; one hundred6.7m; one thousand or more4.2m. The low end is a bulk-order price, not a single-unit quote or complete mission cost. No satellite purchase proposed. Open
S50 FlytBase enterprise drone autonomy platform Vendor capability claim Accessed 2026-09-15 Advertises multi-site drone autonomy, integrations, supported hardware and managed operations. Direct overlap with orchestration/integration thesis. Performance, claimed scale and universal compatibility not independently established. Open
S51 DJI Dock 3 launch and remote operations Manufacturer product announcement 2025-02-27 Dock3 and FlightHub2 provide automated remote routes and inspection functions. Existing product category, not Canopy invention. Product capability does not grant BVLOS or unrestricted autonomous permission. Open
S52 EASA drone FAQ: automatic versus autonomous operations Regulator guidance Accessed 2026-09-15 Relevant FAQ distinguishes preprogrammed automatic operations with pilot intervention from autonomous operations. Autonomous operation is outside the Open category; applicable Specific/Certified requirements remain. Other historical FAQ dates are not used as current legal updates. Open
S53 FAA Beyond Visual Line of Sight rule announcement Regulator proposed-rule announcement 2025-08-06; reviewed 2026-09-15 Reviewed FAA page describes the broader BVLOS framework as a proposed rule. No assumed Part108 entitlement; current operation must have a valid operating basis. This is not an exhaustive final-rule legal opinion. Open
S54 EIC Accelerator 2026 Official funding programme 2026 programme; accessed 2026-09-15 Innovation grants below EUR2.5m for TRL6-8; investment EUR1-10m. Next listed full-proposal batch4Nov2026 after short-proposal GO. UK grant-only. Canopy maturity and eligibility not established; caps are not awards. Open
S55 EIC Pathfinder Challenges 2026 topics Official funding scope 2026 programme; accessed 2026-09-15 Challenges include energy-harvesting materials, biotechnology for healthy ageing and DeepRAP cognitive AI. A generic drone integration project does not automatically meet a scientific challenge. Open
S56 EIC Pathfinder programme and 2026 deadlines Official funding programme 2026 programme; accessed 2026-09-15 Open deadline12May2026 passed; Challenges deadline28Oct2026. Earliest-stage breakthrough research, not ordinary marketplace development. Future calls require fresh confirmation. Open
S57 EIC Transition 2026 Official funding programme 2026 programme; accessed 2026-09-15 Deadline16Sep2026. Requires results from eligible prior projects at specified maturity; grants up to EUR2.5m. Canopy has not demonstrated qualifying results or rights. Open
S58 Eurostars Call11 September2026 Official funding call Deadline 2026-09-10; accessed 2026-09-15 Closed. Innovative SME-led international collaboration with exclusive civil focus and national rules. Bulgaria section lists EUR200000 cap subject to national process; UK requires an active entity registered at least12months. No next call date or Canopy award assumed. Open
S59 Innovate UK dual-use aviation systems and autonomy: official scope Official funding call Deadline 2026-06-03; accessed 2026-09-15 Closed. Included UAS; excluded counter-UAS. Required system-level TRL5+, UK customer/operator and an integrated project. A secondary summary misleadingly excluded UAS generally; official scope controls. Not an available award for Canopy. Open
S60 MAVLink microservices Official protocol documentation Accessed 2026-09-15 Existing mission, command, camera, gimbal and other interoperability services. A protocol standard does not establish every implementation or command as compatible. Open
S61 MAVSDK current FAQ: compatibility Official software documentation Accessed 2026-09-15 Primarily optimised/tested for PX4, with growing ArduPilot support and documented protocol differences. Do not infer universal flight-stack compatibility from MAVLink support. Open
S62 DJI Cloud API Official developer documentation Accessed 2026-09-15 Third-party cloud interfaces using MQTT, HTTPS and WebSocket; lists supported enterprise aircraft/docks. Candidate adapter route, not every DJI drone or a completed Canopy integration. Open
S63 DJI Payload SDK Official developer documentation Accessed 2026-09-15 Payload ecosystem for listed flight platforms; showcases gas monitoring and mapping. Additional sensing is an existing category. Physical/electrical compatibility, SDK scope and approval require configuration-specific validation. Open
S64 Auterion Skynode X Manufacturer product description Accessed 2026-09-15 Vehicle/payload control, fleet tools, custom apps and payload integration already offered. Open-platform and payload-integration concepts are not greenfield; no claimed Canopy compatibility or partnership. Open
S65 Auterion Pixhawk Payload Bus integration Official integration documentation Accessed 2026-09-15 Documents an existing payload interface and adapter board. A supported physical interface does not confer universal fit or operating approval. Open
S66 CAA infrastructure inspection policy and sees.ai example Regulator announcement Accessed 2026-09-15; historical policy announcement CAA describes infrastructure inspection development and sees.ai working with National Grid. UK market is occupied. This announcement is not a transferable operator permission; check the current applicable CAA route. Open