Volans-i, Inc., an on-demand aerial delivery business based in San Francisco, has raised $20 Million in Series A funding. The funding was led by Lightspeed Venture Partners, who was the lead investor for Volans-i’s seed round funding, with support from Y Combinator. Continue reading
Category Archives: Business News
OpenWorks Gets Investment for SkyWall C-UAV Tech
OpenWorks Managing Director, Chris Down (left) with Marketing
Director James Cross (centre) and Adderstone Group CEO, Ian Baggett (right).
North East based property and investment business, Adderstone Group, has invested a seven-figure sum into OpenWorks Engineering, an award-winning, hi-tech product company which is developing world-leading security and counter-terrorism products. Continue reading
Piaggio Aerospace Exhibits at Swiss Air Show
After inviting Expressions of Interest for a possible buyout, Piaggio Aerospace is ready to participate in the European Business Aviation Convention and Exhibition (EBACE 2019), to be held in Geneva, Switzerland from May 21st-23rd. Continue reading
NORTHCOM Picks Liteye as C-UAS Subject Matter Expert
Liteye Systems, Inc, identified by US DoD NORTHCOM as a Subject Matter Expert in Countering UAS (Unmanned Aerial Systems) threats, was recently invited to attend a collaboration session between Government and Industry to better define emerging threats across North America. Continue reading
Northrop Grumman Gets $164M US Army Hunter Support Contract
Northrop Grumman received a one-year, $163.6M contract to provide a range of support services for the U.S. Army’s fleet of MQ5B Hunters. Continue reading
Terra Drone Opens Angola Branch
Japan-based Terra Drone Corporation (CEO: Toru Tokushige), a provider of industrial drone solutions, has extended its commitment to the African region by setting up a new branch, Terra Drone Angola. The decision to establish a permanent presence in Angola came after receiving multiple contracts from major oil and gas companies in West Africa. Continue reading
Wood Adopts Delair for Large Scale Surveying
Delair, a supplier of commercial drone solutions, along with one of its regional resellers, Frontier Precision, announced that Wood has adopted the Delair UX11 high-performance UAV for its work in site planning and asset management in mining and quarry projects in the western US. Continue reading
First Customer for Cylinder Drone
Massachusetts-based Ascent AeroSystems has announced the specifications, pricing, availability and launch customer for “Spirit”, its new dual-rotor coaxial drone and named Huntsville, Alabama-based Dynetics as the launch customer. Continue reading