The investment community continues to show their faith in the future of drone delivery. Drone Delivery Canada (DDC) announced that it has closed a financing deal for about C$10 million (about $7.5 million USD. The deal follows the recent announcement of DDC's development of a large cargo drone, introduced last month. The single-rotor vehicle, called the Condor, offers a … [Read more...] about Money Continues to Flow into Drone Delivery Companies
Drone Investment
Aerodyne’s Newest Round of Investment Will Support Air Mobility with Drones
The Aerodyne Group, a leading provider of industrial drone services, is getting ready to attack the newest frontier of drone technology: air mobility. The company announced yesterday that they have received a new influx of funding from the Japan-based Drone Fund, which they will use to expand their position in Japan and to develop new air mobility technologies. The … [Read more...] about Aerodyne’s Newest Round of Investment Will Support Air Mobility with Drones
DRONEII: Money Talks – Drone Investment Trends Update
Guest Post: This article published with permission from our partners at DroneII, Drone Industry Insights. Article authored by Hendrik Boedecker. Earlier this month the thermal imagery manufacturer FLIR bought the UAV developer Aeryon Labsfor $200 million, beating their previous record in publicly disclosed drone investments of $134M. This has been yet another signal that … [Read more...] about DRONEII: Money Talks – Drone Investment Trends Update
AI Powered Drone Software Company Scores $750,000 Seed Funding
AI-powered drone software company Converge has announced over three quarters of a million in seed funding. With the commercial drone market rapidly expanding - with estimates ranging from x to y, but always in the billions - drone companies are reaping the benefit of investment. San Francisco startup Converge, founded by MIT alumni, offers a promising product at a promising … [Read more...] about AI Powered Drone Software Company Scores $750,000 Seed Funding
PrecisionHawk Secures $75 Million: What That Means for the Rest of the Drone Industry
Leading enterprise drone solution company PrecisionHawk has just secured a $75 million round of funding. It's a win that has major significance for the company and the entire drone industry. This latest round is funded by a diverse group of venture and strategic investors. CEO Michael Chasen says that all of the company's previous investors came back, and new investors … [Read more...] about PrecisionHawk Secures $75 Million: What That Means for the Rest of the Drone Industry
