Skylark Drones, an Indian drone platform company, announced that it has secured USD $3 million in a pre-series A funding round to strengthen its product offerings and fuel international expansion. The funding round was co-led by investors InfoEdge Ventures and IAN Fund with participation from AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson group. Continue reading
Category Archives: Business News
Zipline Raises $250M
Zipline has raised $250 million in new funding to help us accelerate the development of a new model for instant logistics. Continue reading
Albania to Purchase Drones from Turkey
An additional budget of more than 8 million Euros was allocated for the priority project of the Albanian Ministry of Defense for the purchase of UAVs, “within the scope of the agreement with Turkey and measures to increase territorial control and national security”. Continue reading
IAI Sells Drone Guard Systems to South Asian Country
Israel Aerospace Industries (IAI) though its ELTA Systems group is delivering dozens of Drone Guard (CUAS) systems to a country* in South Asia in a deal, worth tens of millions of dollars (USD). Continue reading
Aquiline Drones Buys 50% of Aerialtronics
Aquiline Drones (AD), an American-based manufacturer of unmanned aerial systems (UAS) and cloud solutions provider for commercial drone operations, announced that it has purchased 50% of the capital of Aerialtronics, an end-to-end solutions developer in the Netherlands that uses drones, artificial intelligence (AI) and IoT data to provide real-time insights for a variety of business operations. Continue reading
France to Acquire an Additional Reaper Block 5
France has signed for an additional General Atomics Aeronautical Systems Inc (GA-ASI) MQ-9 Reaper Block 5 unmanned aerial vehicle (UAV), with the US Department of Defense announcing a Foreign Military Sales (FMS) award on 28 June. Continue reading
Volatus Aerospace Acquires ConnexiCore to Create Largest Drone Service Provider in North America
Volatus Aerospace Corp. has agreed to acquire Pennsylvania-based drone service provider ConnexiCore LLC. The acquisition will create the largest and most comprehensive Drone Service Provider in North America, with a pilot network blanketing Canada and the United States. The transaction is expected to close on July 30, subject to due diligence. Continue reading
Pegasus Imagery and Kongsberg Geospatial Sign MOU

A Pegasus Imagery PV-02 EOS lifts off for takes off vertically like a quadcopter before transitioning to horizontal flight
Kongsberg Geospatial, developers of the TerraLens Geospatial Software Development Kit (SDK), and Pegasus Imagery Ltd. an aerospace company developing advanced autonomous aircraft and sensor systems, announced that they have signed an MOU to work together to advance the development of safe, autonomous Unmanned Aircraft. Continue reading






