It seems to be the season for funding announcements: and a recent spate of press releases from drone companies indicates that the sector is still desirable. The drone industry has seen some noted consolidations and exits in the last few years. Commercial drone solutions provider Airware shut down last year after burning through $118 million in funding. Tethered and … [Read more...] about Investors’ Appetite for Drone Technology Still Strong
Drone companies
DJI Responds to Fraud Findings: Vows to Deal with “Outright Theft” and Asks Media to “Pay Close Attention”
DJI is taking active steps to respond to the media firestorm resulting from their internal fraud investigation. Earlier this month, the company announced its findings that internal employee theft had led to huge company losses estimated at $150 million. Now the company has released an open letter responding to the situation and asking the media to "pay close attention to the … [Read more...] about DJI Responds to Fraud Findings: Vows to Deal with “Outright Theft” and Asks Media to “Pay Close Attention”
GeniusNY Announces 16 Semi-Finalists for $3 Million in Funding Prizes
GENIUS NY, Syracuse's leading business accelerator program based out of CenterState CEO’s Tech Garden, has announced the sixteen teams named as semi-finalists in the competition’s second round. The teams will compete for $3 million in investment funding, including a $1 million grand prize investment. Genius NY is a highly competitive program designed to bring innovative new … [Read more...] about GeniusNY Announces 16 Semi-Finalists for $3 Million in Funding Prizes
The Startup Showdown is Back at AUVSI
The Startup Showdown is back this year at AUVSI's Xponential 2017 - an event you can't miss for the sheer "wow, really?" reactions that come from hearing about new technology from cutting-edge drone companies. The sixteen semi-finalists will be narrowed down to the top 3, during a closed door Knockout Round when competitors will pitch their companies to the panel of judges. … [Read more...] about The Startup Showdown is Back at AUVSI
Where is the Top Country for Drone Investment? You’ll Be Surprised.
It's no news that investors are flocking to the drone industry - venture capital funding for drone startups topped $450 million last year. And where is all of that money going? The top country in the world right now for drone investment isn't China with it's strong manufacturing sector, Israel with it's military drone dominance, or the U.S. with drone applications. According … [Read more...] about Where is the Top Country for Drone Investment? You’ll Be Surprised.
