LA-based Neros, an autonomous drone startup founded about a year ago, has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones to sell to Ukraine. Continue reading
Category Archives: Business News
GA-ASI Awarded AI Smart Sensor Contract
General Atomics Aeronautical Systems, Inc. was awarded a $94,808,020 cost-plus-fixed-fee contract for research, development, test, and evaluation of Autonomy and Artificial Intelligence for the Smart Sensor Intelligence, Surveillance, and Reconnaissance (ISR) prototype. The work was awarded by the Army Contracting Command on April 30, 2024, with an estimated completion date of March 31, 2026. Continue reading
DroneShield Awarded $3.8M US Government Repeat Order
DroneShield Ltd has announced that it has received a repeat order of $3.8 million from a U.S. Government customer for a number of its C-UxS (Counter-UxS) systems. C-UxS refers to counterdrone systems targeting multi-domain aerial, ground and maritime surface drones. Continue reading
Drone-As-First-Responder Firm Aerodome Raises $21.5M in Series A Funding
Aerodome, a supplier of Drone-As-First-Responder (DFR) technology, announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and growing its engineering and go-to-market teams. CRV led the round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford Street Ventures. The company raised its seed round in October 2023, led by a16z and 2048 Ventures, bringing its total funding to $28 million. Continue reading
Drone Delivery Canada and Volatus Aerospace Announce Merger
Drone Delivery Canada Corp. and Volatus Aerospace Corp. have announced that they have entered into a business combination agreement to combine the companies in a merger of equals transaction, with the combined company to continue under the name ‘Volatus Aerospace Corp.‘ and, subject to approval of the TSX Venture Exchange, continue trading under the ticker “FLT”. Continue reading
Aerit Announces Bankruptcy and Upcoming Sale of Assets
Aerit, a Swedish company in the field of drone technology for last mile deliveries, including food, parcels, medicines, and other goods, has announced that it has filed for bankruptcy. Nils Åberg, Advokatfirman Carler, has been appointed administrator. Continue reading
BlueHalo Gets $95M US Army Contract to Advance Directed Energy Technology
The U.S. Army Space and Missile Defense Command (SMDC) has awarded BlueHalo a $95.4M contract for advanced Directed Energy prototype development as part of the Laser technology Research Development and Optimization (LARDO) program through the Aviation & Missile Technology Consortium . Continue reading
American Robotics Launches Maryland Headquarters
Ondas Holdings Inc., a provider of private industrial wireless networks and commercial drone and automated data solutions, announced that its wholly owned subsidiary American Robotics Inc. will host the grand opening of its Maryland headquarters with an event being held on June 12th – 13th. Continue reading