Category Archives: Business News

Skylark Drones Raises $3M In Pre-Series A Funding Round

Mrinal Pai (left) and Mughilan Thiru Ramasamy in their Bengaluru office

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

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

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