Teal Drones Acquired by Red Cat Holdings

Puerto Rico-based Red Cat includes remote inspection company Skypersonic, analytics platform Dronebox, drone imaging and communications company Fat Shark, and consumer drone company Rotor Riot.

The Teal Drones acquisition will provide Red Cat with a government sector solution.  Teal was founded by then-teenaged George Matus in 2015 with revolutionary consumer drones.  Since then, Teal’s Golden Eagle, developed in collaboration with the DoD’s Defense Innovation Unit, made the “Blue sUAS” list – a list of only 5 drone solutions identified by the DoD as appropriate for purchase with DoD funding.

“Adding Teal to the family helps Red Cat naturally expand deeper into the enterprise and government spaces.” says Jeff Thompson, CEO of Red Cat. “Teal’s Golden Eagle drone platform and its existing access to the Department of Defense combined with the market reach and experience of Red Cat should well-position the joint group for unbridled success as the industry grows.”

Teal’s open and modular platform allows a critical mass of applications to be developed and integrated for next-generation capabilities. Partners actively integrating technologies with Teal include Autonodyne, Tomahawk Robotics, Dronelink and Skyward.

“With Red Cat’s operational expertise and access to capital, Teal is amazingly positioned to rebuild America’s drone industrial base across sectors,” says George Matus, CEO of Teal. “We are incredibly excited to join Red Cat as Golden Eagle scales production and further applications are released.”

Since the Teal Drones acquisition was announced, Red Cat has raised $60 million in a secondary public offering.