Category Archives: Business News

Aeronyde Receives $4.7M Seed Funding for UTM System

Aeronyde, the aerial systems company enabling safe autonomous urban flight, announced $4.7 million in seed financing to develop its end-to-end infrastructure for self-flying vehicles. Aeronyde is the first company to integrate artificial intelligence (AI) and augmented reality (AR) into a full-service system for the safe and secure operation of commercial drones. Continue reading →

Clear Flight Solutions Raises €2.6M Series B Investment

Clear Flight Solutions has raised €2.6 million from AERIUM Analytics Inc.in Calgary, Canada and the Cottonwood Euro Technology Fund. This investment, the first close of a targeted Series B investment of €6 million, allows Clear Flight Solutions to further strengthen its purpose to save, preserve and protect both nature and people by revolutionizing bird control through its unique technology and services. Continue reading →

Pentagon Performance to Get $50M UN Congo Surveillance Contract

Pentagon Performance’s SureCam

Pentagon Performance Inc. (PPI), a South Jersey based Unmanned Aircraft System (UAS) manufacturing company, has received Notice of Consideration for Award of a $50 million contract to provide intelligence, surveillance, and reconnaissance services to the United Nations MONUSCO mission located in the Democratic Republic of Congo.  Continue reading →

Global Aerospace Names DARTdrones as UAV Training Partner

Dartdrones, a provider of UAV training, and Global Aerospace, a provider of aerospace insurance and risk management solutions, have announced a partnership that will provide small unmanned aircraft systems (sUAS) operators with exclusive resources and opportunities to increase the safety culture within the drone industry. DARTdrones will be the exclusive UAV training partner of Global Aerospace’s SM4 Safety Program. Continue reading →