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Teenager Raises $2.8 million for Drone Business

July 20, 2016 by Miriam McNabb 6 Comments

drone businessGeorge Matus just graduated from high school in May, but he’s going to skip college – he’s been awarded a $100,000 Thiel fellowship to pursue his innovation instead – and he already knows what his first “real” job will be.  His drone business launches today, after raising $2.8 million in seed funding.

The company is called Teal, and it sells what it describes as “the world’s fastest production drone.” The product is a battery-operated, camera-equipped drone that can reach 70 mph.  The $1,299 drone will ship early next year; you can pre-order it today.  Matus says that the drone is the product of his own wish list for a drone: compact, fast, and stable.

At 18, Matus has an almost unbelievable resume for a droner.  His obsession with drones and robotics means he’s been flying for 7 years – that’s since he was 11.  He got his first drone job, as a drone test pilot for a hobby store, while still in middle school, he told Fortune magazine.  Last year, he competed in the ABC show BattleBots (a contest of fighting robots).   And now he’s raised $2.8 million in seed funding and built a company of 15 employees and contract workers.

 

drone businessTeal says that their signature drone has flown up to 85 mph under some conditions, and is stable in winds up to 40 mph and water-resistant.  Built in the U.S., the initial features will include command & control and a “Follow-Me” app, co-developed with Neurala to use advanced image recognitions to precisely follow a specific person.  The Racing app will allow pilots to race against other Teal users in a social app setting: recording flights; playing challenges; and moving up a leaderboard.

While the initial offering may be more focused on recreational use – after all, the drone was designed based on the dreams of an 18-year old- Matus hopes that Teal will be commercially used; the Teal website tells buyers considering potential applications for the drone to “Use your imagination!”

Miriam McNabb

Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry.  Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.

TWITTER:@spaldingbarker

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Filed Under: Business and Finance, News Tagged With: drone business, Drone Funding, george matus, teal

Reader Interactions

Comments

  1. Drone says

    July 22, 2016 at 10:14 am

    I agree completely with the comment above. Also, hardware + software is very difficult to do well itself, let alone doing both at once.

    Just ask Lilly Drone

    Reply
  2. Yuki To says

    July 21, 2016 at 7:10 pm

    It’s very impressive that the founder of Teal is only 18 years old and that he’s managed to secure such a large sum of seed capital. However, not sure if the Teal Drone , will succeed in actually fitting into the categories it wants to fit into: to be both a racing drone capable of break neck speeds its far too beefy at 700+ grams and to be an aerial photography drone it will have to have some impressive software current offerings by DJI, especially at that price. Just a thought.

    Reply

Trackbacks

  1. Teal Drones Founder Faces Lawsuit from Former Company Over Trade Secret Dispute – Dronelinq says:
    September 2, 2025 at 5:35 pm

    […] George Matus founded Teal Drones in 2015 at just 18 years old, turning a high-school passion into a company recognized for its fast, modular drones with onboard computing power. Matus built Teal to deliver high-performance platforms for both consumer and enterprise markets. His early work earned him a Thiel Fellowship and a spot on Forbes’ 30 Under 30 list in Consumer Technology.  (DRONELIFE first wrote about Matus in 2016: Teenager Raises $2.8 million for Drone Business.) […]

    Reply
  2. Teal Drones Founder George Matus Sued by Pink Cat - solaosweb.com| All rights reserved. says:
    August 6, 2025 at 8:44 pm

    […] George Matus based Teal Drones in 2015 at simply 18 years previous, turning a high-school ardour into an organization acknowledged for its quick, modular drones with onboard computing energy. Matus constructed Teal to ship high-performance platforms for each shopper and enterprise markets. His early work earned him a Thiel Fellowship and a spot on Forbes’ 30 Underneath 30 checklist in Shopper Know-how.  (DRONELIFE first wrote about Matus in 2016: Teenager Raises $2.8 million for Drone Enterprise.) […]

    Reply
  3. WEB: Le fondateur des drones Teal, George Matus, a poursuivi le chat rouge – Site Pilote n42 says:
    August 6, 2025 at 4:29 pm

    […] George Matus fondé Drones sarcelle En 2015, à seulement 18 ans, transformant une passion du secondaire en une entreprise reconnue pour ses drones modulaires rapides avec une puissance de calcul à bord. MATUS a construit TEAL pour fournir des plates-formes haute performance pour les marchés des consommateurs et des entreprises. Ses premiers travaux lui ont valu une bourse Thiel et une place sur la liste 30 Under 30 de Forbes dans la technologie des consommateurs. (Dronelife a d’abord écrit sur Matus en 2016: L’adolescent recueille 2,8 millions de dollars pour les affaires de drones.) […]

    Reply
  4. InterDrone 2016: Neurala Brings Deep Learning to Drones - DFW FlyBy PhotograpghyDFW FlyBy Photograpghy | says:
    September 12, 2016 at 9:00 pm

    […] startup, Teal Drone has already integrated Brains for Bots in a configuration that allows its models to follow people […]

    Reply

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