SkyWatch, a data analysis, risk-assessment and active risk-reduction platform for the drone industry, announced that it has raised $2 million in a Seed round from F2 Capital, Verizon Ventures and Kaedan Capital with participation of former senior insurance executives from companies like Axa and Liberty Mutual, and world-class leaders in the drone industry. Continue reading
Category Archives: Business News
Atlas Dynamics and Luxriot Partner to Develop Advanced Drone-based Solutions
Atlas Dynamics, a next generation aerospace company providing autonomous UAV solutions, announced that it has entered a partnership with Luxriot, developer of high-performance Luxriot Evo Video Management Software, to develop drone-based solutions for the defense, security and first response markets.
GA-ASI Gets $49M USAF MQ-9 Software Order
Block 5 MQ-9
General Atomics Aeronautical Systems Inc. has been awarded a $49,336,683 cost-plus-fixed-fee order (FA8620-18-F-2363) to previously awarded basic ordering agreement FA8620-15-G-4040. Continue reading
InstantEye Robotics Opens New Development Facility
InstantEye Robotics GEN3
InstantEye Robotics announced that it has opened a new facility dedicated to the development and manufacturing of its family of tactical unmanned aerial systems. Continue reading
PrecisionHawk Secures $75M for Global Expansion
PrecisionHawk, Inc. has announced that it has raised a $75 million round of funding from a group of venture and strategic investors. This investment brings PrecisionHawk’s total funding to more than $100 million since being founded in 2010, making it the world’s most well-capitalized commercial drone company. Continue reading
Sky-Futures Teams with Bureau Veritas for Industrial Drone Inspections
Against the backdrop of an increased focus on health and safety in all commercial disciplines, Bureau Veritas and Sky-Futures have joined forces in a pioneering new partnership designed to take inspection strategy to, quite literally, a whole new level. Continue reading
APS Wins Law Enforcement Counter-UAS Contract
Poland’s Advanced Protection Systems landed a major contract for delivery of Ctrl+Sky multi-sensor drone detection system to a law enforcement client in one of EU/NATO countries outside of Poland. Continue reading
Iris Automation Closes $8M Series A Funding to Bring AI Technology to UAS
Iris Automation, a provider of collision avoidance for commercial drones, has announced an $8 million Series A financing round to fund the development of crucial unlocking technologies for the autonomous flying robotics industry. Continue reading