HUVRData LLC, a drone-based data analytics startup, has completed a $2 million Series A round of funding from angel investment organizations including Central Texas Angel Network (CTAN), Houston Angel Network (HAN) and the Texas HALO Fund. In the past 1.5 years, HUVR has built out its technology, secured the full FAA approval for its commercial drone applications, and established its value to first target markets of wind, solar, oil and gas and precision agriculture.
Category Archives: Business News
China Announces Controls on Drone Exports
China’s Ministry of Commerce and General Administration of Customs has jointly issued a notice about strengthening controls on partial exports of unmanned aerial vehicles (UAVs) starting Aug. 15, triggering concerns over UAV producers led by DJI of Shenzhen, reports the Shanghai-based China Business News. Continue reading
Austraian Operator Begins Nation-Wide Expansion
Private drone operating firm, Australian UAV, announced this week the opening for business of its New South Wales offices. With over 1400 safe and successful flights for commercial and government clients, Australian UAV is fast establishing itself as one of the country’s most experienced civilian unmanned aerial vehicle (UAV) operators. Its existing client base includes survey, forestry, precision agriculture, industrial and natural resource management, as well as general aerial photography and filming. Continue reading
Insitu Gets $78M US Navy Blackjack Contract
The US Navy has awarded a contract modification of $78 million—actually, officially 78 million and one dollar—to Insitu for a half-dozen more RQ-21A Blackjack unmanned aircraft systems, small aircraft the Navy and Marines use for tactical reconnaissance, surveillance, and target acquisition at sea and on land.
Sony Enters Commercial UAS Business
Sony Mobile Communications and ZMP Inc. have agreed to collaborate on the development and launch of enterprise solutions using autonomous unmanned aerial vehicles for image captured combined with cloud-based data processing.
Draganfly Acquired by TRACE Live Networks
TRACE Live Networks, developer of The TRACEr1 – a visually intelligent camera capable of following its owner almost anywhere and live-streaming captured footage to the Internet – announced that it has acquired commercial sUAS (small Unmanned Aerial System) specialists, Draganfly Innovations Inc. Continue reading
Lockheed Martin Buys Sikorsky Aircraft for $9 Billion
Lockheed Martin has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction.
Thales and WB Electronics to Build a Polish Tactical Class UAS – Codename Gryf.
Thales and WB Electronics have signed an agreement to build a Polish tactical unmanned air vehicle named Gryf (Grifon), based on the former’s experience with the British Army’s Watchkeeper 450, and on the technology used on the UAV.