Funding for U.S. drone manufacturers has just broken through another record, as Skydio investment soars by a $170 million Series D round. The Series D round was led by Andreessen Horowitz's Growth Fund. The announcement is the latest chapter in the stunning Skydio story. Introduced in 2019, Skydio's autonomous platform was breakthrough technology for the industry. For the … [Read more...] about Skydio Investment Soars by Another $170 Million
drone industry investment
Latest DroneDeploy Funding Round Adds $50 Million for Expansion
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
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
