A new round of DroneDeploy funding adds $50 million to the company, bringing the total to date to $142 million: which a company release says is the most to date for any drone data company. This latest Series E funding round is the result of DroneDeploy's explosive growth (they report a 259% annual growth in enterprise use in 2020) and impressive user base. The announcement … [Read more...] about Latest DroneDeploy Funding Round Adds $50 Million for Expansion
drone industry investment
Latest Elsight Funding Round: $8.3 Million for Product Development, Market Expansion
The latest Elsight funding round of $8.3M will fund product development and market growth, says CEO Yoav Amitai. DRONELIFE wrote about Elsight's Halo product earlier this year: the company's flagship connectivity solution. Elsight’s powerful bi-directional algorithm splits any kind of data (video, audio, telemetry and more) into encrypted packets, using secure VPN … [Read more...] about Latest Elsight Funding Round: $8.3 Million for Product Development, Market Expansion
VC Investment in Drone Industry Continues: U.K.’s Altitude Angel Scores Another £4million
U.K.-based Altitude Angel, leading UTM (Unmanned Traffic Management) technology provider, is the latest to receive a new influx of funding as VC investment in the drone industry continues. Altitude Angel has raised £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. "The latest fundraising concludes Altitude Angel’s series A round, led by Octopus … [Read more...] about VC Investment in Drone Industry Continues: U.K.’s Altitude Angel Scores Another £4million
Drone Industry Investment: DroneBase Scores Additional $7.5 Million
Drone industry investment hasn't dried up in the current crisis. CA-based aerial data analytics company DroneBase has announced another $7.5 million round - after months of record-setting revenue. Last year, before the coronavirus threw all assumptions and expectations into question, leading drone market analysts DRONEII posited that the drone hype cycle was over - but that … [Read more...] about Drone Industry Investment: DroneBase Scores Additional $7.5 Million
This Drone Company May Change the Way You Think About Take-Out Forever
This Irish startup is trying to totally change the way that you think about takeout. Manna.aero, which the company describes as "the world’s first aviation-grade B2B drone delivery ‘as-a-service’ company" has just raised about $5 million to get off the ground. Founded in 2018 by Bobby Healy, former CTO of CarTrawler and Eland technologies, Manna is getting major buzz - both … [Read more...] about This Drone Company May Change the Way You Think About Take-Out Forever
