Category Archives: Business News

AeroVironment Acquires Telerob Ground Robotic Solutions

AeroVironment, Inc.  announced it has entered into an agreement to acquire Telerob Gesellschaft für Fernhantierungstechnik mbH, a German leader in ground robotic solutions with a global footprint, for approximately $45.4 million (€37.5 million) in cash, and will pay-off approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Continue reading →

Drone Spraying Platform Rantizo Gets $7.5M Series A Funding

Iowa City-based startup Rantizo, which uses drones to spray crops, has just closed a $7.5 million Series A round led by Leaps by Bayer, with participation from a number of other agtech-focused investors – including Fall Line Capital, Innova Memphis, Lewis & Clark Ventures, KZValve, and Sukup Manufacturing. It brings the company’s total funding to date to $9 million. Continue reading →