Category Archives: Business News

SkyX Raises $9.5M USD in Series B Funding

Mark Mandelbaum of Almond Tree Enterprises Inc. (L), with SkyX’s Didi Horn and Clanton Capital President Noam Edell (R)

SkyX, the Canadian long-range unmanned aerial monitoring and data collection company, has announced that the company has closed $9.5 million USD in Series B funding from the Almond Tree/SkyX Limited Partnership (LP), led by Almond Tree Enterprise Inc. This second round of financing brings SkyX’s total funding to date to $15.8 million USD ($20 million CAD) and comes just two-and-a-half years after the company was founded. Continue reading →

DroneInsurance.com and AirMap Partner on Drone Insurance

REIN‘s DroneInsurance.com, a digital drone insurance portal, is announcing its collaboration with AirMap, a leading drone airspace management platform. The relationship allows drone operators to seamlessly access DroneInsurance.com’s offerings within AirMap for Drones, AirMap’s iOS and Android applications, providing a streamlined option to add insurance coverage as part of AirMap’s pre-flight planning workflow. Continue reading →

Sentera Gets $14M Series A Funding

Sentera, a Minneapolis-based digital agriculture technology provider, announces that it has raised an additional $14 million in Series A funding. A premier group of food, biosciences, and agriculture investment firms, Chicago-based S2G Ventures, New York-based Continental Grain Company, and Washington, DC-based Middleland Capital, lead Sentera’s new funding group. Continue reading →

PrecisionHawk Acquires HAZON and InspecTools

PrecisionHawk, Inc., a provider of drone technology for the enterprise, has announced that it has purchased both HAZON, Inc. and InspecTools Inc. These businesses specialize in the delivery of inspection services and technology for the energy industry and bring demonstrated domain expertise to enable tighter integration between the collection and the analysis of drone data. Continue reading →

Australia Signs New Military Drone Contracts

The Australian federal government has signed two contracts to further develop the Australian Defence Force’s unmanned aerial system (UAS) capabilities. Defence minister Christopher Pyne said the Defence Innovation Hub contracts, signed with UAV Vision and Textron Systems Australia, would enable Australia to remain at the forefront of surveillance, intelligence and force protection capabilities. Continue reading →