AngleList is a popular website for technology start-ups looking to raise equity or debt financing from accredited investors. An accredited investor meets at least one of two criteria: (1) Assets of greater than $1 Million excluding their primary residence ; or (2) annual income of greater than $200,000 in each of the last two years. Although others have tried to enter the matchmaking space between start-ups and investors, AngelList leads the way with over 36,000 company profiles.
Of these 36,000, 42 companies are self-categorized as “Drone-Tech.” Today, we profile one of these companies, Garuda Robotics.
Based in Singapore, Garuda Robotics is a solutions providers in the drone fleet space.
Garuda Robotics is building a complete enterprise-grade solution for anyone who can make use of aerial robots to get things done faster and cheaper. Our solution consists of both hardware and software that dramatically simplify drone fleet operation and are tailor made for the specific needs of the clients.
Drones can perform tasks in a cost-efficient manner for a wide range of industries. However, currently, companies are not willing to use drone systems off the shelf. They need custom, complex hardware and software, and each system works differently. We solve this problem by studying the business needs of companies, then designing and building custom drone operation platforms based on those needs.
Technology
Our software suite comprises of Garuda Cloud & AppBuilder. Garuda Cloud is a web-based platform for managing drone fleets. It can be accessed via any internet enabled device and serves as a tool for quickly deploying custom drone missions. Garuda Appbuilder is a web-based, drag-and-drop tool that allows anyone to create complex drone functions within minutes without having to write a single line of code. The Garuda platform also includes custom drone fleets that can be safely activated and deployed from a remote location and provide sensory and telemetry data to the user via the Garuda Cloud.
The Company was founded in 2013 by Pulkit Jaiswal (Stanford) and Mark Yong (Carnegie Mellon University and the University of Michigan) and seeks $600,000 in seed funding. The seed investment would receive a 20 percent discount to the first institutional round with a valuation cap of $3,000,000. The Company previously won $10,000 in a start up competition.
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com