Category Archives: Business News

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 →

European Commission Announces $77M Funding for European Counter-UAS Projects

The European Commission last week announced over €1 billion in funding for 54 additional defence projects through the European Defence Fund, bringing the total EU budgetary investments to more than €3 billion ($3.3BN) in collaborative defence R&D projects since the start of the EDF Regulation in May 2021. This new round includes over €71 Million ($77 Million) for European Counter-UAS (E-CUAS). Continue reading →