Leading enterprise drone solution company PrecisionHawk has just secured a $75 million round of funding. It's a win that has major significance for the company and the entire drone industry. This latest round is funded by a diverse group of venture and strategic investors. CEO Michael Chasen says that all of the company's previous investors came back, and new investors … [Read more...] about PrecisionHawk Secures $75 Million: What That Means for the Rest of the Drone Industry
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DJI Unveils FlightHub Software for Enterprise Drone Management
In a significant move for the drone industry, hardware giant DJI has made the move into operations management software. FlightHub is a fully-integrated, web-based management solution that helps businesses oversee live operations. So what's the FlightHub software solution all about? The idea is to help enterprises and drone service providers efficiently manage operations from … [Read more...] about DJI Unveils FlightHub Software for Enterprise Drone Management
Follow the Money: New Report Tracks Top 10 in Drone Funding
Funding rounds for drone companies have gotten bigger and bigger as the industry matures. A new report from CB Insights names the industry's top 10 funding deals since 2012. Some of the top recipient companies offer no surprise - DJI takes the #1 (and ties for number 9) spot at $105M; competitor Yuneec takes #2 for a round led by Silicon Valley giant Intel. But those who … [Read more...] about Follow the Money: New Report Tracks Top 10 in Drone Funding
Teal Analysts Predict More Growth for Civil Drones
Despite regulatory issues in the US, drone market forecasts continue to be optimistic. A new report by the Teal Group predicts that civil drones will be "the most dynamic growth sector of the world aerospace industry this decade." Teal's analysts unveiled the research at the Paris Air Show last week. “The civil drone market is ready to take off,” said Philip Finnegan, Teal … [Read more...] about Teal Analysts Predict More Growth for Civil Drones
Airware Founder Jonathan Downey to Step Down
Enterprise drone solutions provider Airware is making big changes. Founder and CEO Jonathan Downey has announced that he will step down later this month to pass the top job on to Airware's COO Yvonne Wassenaar. In a letter posted on the Airware blog, Downey reflected on the last six years, since founding the company after his initial exposure to drones as a student at … [Read more...] about Airware Founder Jonathan Downey to Step Down
