Measure, the nation’s leading Drone as a Service® operator, announced today that it has raised $15 million in Series B financing with LionTree Advisors acting as the financial advisor. Cognizant Technology Solutions joined the company's original investors. Measure has an innovative business model: it has created anational network of licensed pilots who "provide turnkey … [Read more...] about “Drone as a Service” Company Measure Raises $15 million
drone business
Parrot Lays Off Drone Workers, Reorganizes
In a press statement released yesterday, French drone manufacturer Parrot announced that it would lay off more than a third of its drone division employees and reorganize the business, after missing fourth quarter revenue targets. The maker of the consumer Bebop drone announced that 2016 Q4 revenues had come in at around 85 million euros, widely missing the 100 million … [Read more...] about Parrot Lays Off Drone Workers, Reorganizes
How Many Drones Will Santa Bring This Year?
Last year, the FAA rushed to implement the recreational drone registration system, saying that holiday drone sales could reach 1 million units in 2015. Reports of actual holiday sales vary - with some analysts sticking to the 1 million number and others estimating that sales were closer to 700,000 or as low as 400,000. But this year, it seems that the number will increase - a … [Read more...] about How Many Drones Will Santa Bring This Year?
How and Where to Invest in the Drone Industry
Drones are big business. Regardless of how you slice the research, the drone market is projected to be worth billions in the next five years, with a compound annual growth rate of over 10%. But with most drone companies still in the startup stage, how can your average investor take advantage of the booming industry? Here are three ways to invest in drones now. Invest in … [Read more...] about How and Where to Invest in the Drone Industry
Commercial UAV Expo Demonstrates Drones are Big Business
In the world of drone conferences and shows, the Commercial UAV Expo stands out this year - demonstrating that businesses across sectors recognize that drones can be a valuable piece of their operating strategy. Only a year old, the Commercial UAV Expo is building by offering a unique set of education sessions, laser focused on industry. While breakout sessions follow … [Read more...] about Commercial UAV Expo Demonstrates Drones are Big Business
