Category Archives: Business News

Alphabet’s Loon and SoftBank’s HAPSMobile Join Forces

SoftBank Corp.’s HAPSMobile and Alphabet’s Loon have formed a long-term strategic relationship to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems (UAS), to bring connectivity to more people, places, and things worldwide. As part of the new relationship and HAPSMobile’s financial and investment strategy, HAPSMobile has made a decision to invest $125 million USD in Loon. Continue reading

Microsoft TechSpark Invests in UND Drone StartUp

L-R: Brandon Baumbach, EDC business development manager, Keith Lund, EDC president and CEO, Joshua Riedy, and TechSpark North Dakota manager Taya Spelhaug

Microsoft Corp. and the University of North Dakota (UND) Aerospace Foundation have announced that Microsoft has granted $100,000 in project funding that will drive investment and boost North Dakota’s ambitions to be the epicenter of U.S. drone innovation and entrepreneurism. Continue reading