Drone manufacturer Matternet Inc. has scooped up nearly $9.5 million to fund their line of delivery drones. The SEC reports that the drone company based in Menlo Park, CA has raised almost $9.5 million out of a $11.5 million goal in a funding round that has attracted over 30 investors so far. Investors in previous rounds include Silicon Valley venture capital firm Andreeson … [Read more...] about Matternet Scoops Up Big Funds for Delivery Drones
Angel Funding
Drone Startups Raise Over $450m in 2015
Drone Startups raised over $450million in 2015, investment research firm CB Insights reports. While the number represents a 300% increase over dollars invested in 2014, the increase in deals is much smaller, with the number of firms funded demonstrating a 111% increase over last year. FAA exemptions for commercial operators picked up the pace this year, allowing more drone … [Read more...] about Drone Startups Raise Over $450m in 2015
