The Cottonwood Euro Technology Fund, the American-based seed and early-stage fund who opened its first European fund in Enschede, is investing 1.6 million Euros in Clear Flight Solutions, a robotics drone spin-off company from the University of Twente. With this investment Clear Flight Solutions will focus on becoming worldwide market leader in bird control solutions with their lifelike robotic birds. Continue reading
Category Archives: Business News
VC Funding to Drones Tops $100M in 2014
According to CB Insights data, investment in 2014 to the nascent drone industry topped $108M across 29 deals. Year-over-year funding increased 104% as venture firms including Lightspeed Venture Partners, GGV Capital and Kleiner Perkins Caufield & Byers among others jumped into the drone space with sizable bets. Continue reading
DJI Will Hit $1Billion Sales in 2015
Over the last two years Da-Jiang Innovations, better known as DJI, has emerged as the world’s most popular consumer drone maker, at least by revenue. And The Verge has learned that the company is currently in talks with Silicon Valley’s top venture capital firms to potentially raise a new round of funding.
Strat Aero Raises £660,000 for UAV Opportunities
Strat Aero has raised £660,000, before expenses, through the issue of 7,333,334 new ordinary shares at 9p per share. Strat Aero says this funding marks a significant step for the company as it continues to realise its strategy of capitalising on commercial opportunities across the rapidly growing unmanned aerial vehicle (UAV) sector. Continue reading
Argentina to Make Military UAS
On September 9th, Mr. Arturo A. Puricelli, Minister of Defense and Mrs. Nilda Garré, Minister of Security signed a series of cooperation and coordination agreements in order to enhance programs of joint interest in the areas of Public Health, Transport and Maritime affairs, among others. Continue reading
SimActive Software for Mapping Projects in Africa
SimActive Inc., a developer of photogrammetry software, has announced the purchase of Correlator3D by IGN France International, the international subsidiary of IGN France (French National Institute of Geographic and Forest Information). IGN France International required software for major mapping projects in Africa. Continue reading
Airbus Teams with KDS to Offer Targets in India
Airbus Defence and Space has signed a strategic cooperation agreement with India-based Kadet Defence Systems (KDS) for the sale and marketing of services and products in the field of aerial target systems. Continue reading
US Navy Awards $99M Strike System Contract
The US Navy has awarded nine companies a spot on a maximum $99 million set of contracts to provide software development and other services for the Naval Air Systems Command’s Strike Planning and Execution Systems, which supports a number of air, sea and ground missions.