Category Archives: Business News

Parrot Competes for US Army Short Range Reconnaissance Drone

The U.S. Army Program Executive Officer (PEO) for Aviation’s Project Manager, Unmanned Aircraft Systems, partnered with the Defense Innovation Unit (DIU) and the Army’s Maneuver Center of Excellence to identify and prototype new drone capabilities with commercial companies that specialize in on-demand, “eye in the sky” technologies. In this process, the U.S. Army is partnering with the Pentagon’s internal startup accelerator to adapt small commercial drones for the battlefield. Continue reading

Zipline Valued at $1.2BN After $190M Funding Round

Healthcare drone delivery startup Zipline has raised $190 million in a new round of funding, taking its valuation to over $1 billion. The new funding will be used to further expand its reach across Africa, South Asia, Southeast Asia and the Americas. Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies. Continue reading