Sri Lanka, July 10 -- Scouts, Sri Lanka's pioneering intelligent drone and robotics company, has closed a funding round at a valuation of Rs.1.6 billion.

In a market that has historically exported its engineering talent rather than retaining it, the round represents something more than a financing milestone. The company offers an economically viable solution for security, from small farmers to large solar farms.

Scouts provides drone security services, taking responsibility for the installation and management of the entire solution, making the process convenient for the end users.

Its pilot-less weather-resistant drones use artificial intelligence and machine learning for perimeter security, navigating and detecting security breaches...