Drone Aviation Gets $3.8M Govt Award and $2M Funding

Drone Aviation Holding Corp., a manufacturer of tethered drones and lighter-than-air aerostats announced that it was selected by a prime contractor under an initial $3.8 million award. Additionally, the Company has solidified its cash position with the closing of an initial $2 million in equity capital to support the recently awarded contract.

Continue reading

Israel’s Flytrex Closes $7.5M Funding Round

Israeli drone logistics startup Flytrex, which specializes in food and consumer good deliveries via unmanned aircraft systems, has raised $7.5 million in a series B funding round led by Benhamou Global Ventures, with additional investment from Btov. The investment follows a $3 million Series A funding round in June 2017, bringing the company’s total raised to $10.5 million. Continue reading

US Announces New Measures on Drone Regulation

On January 14, 2019, U.S. Department of Transportation Secretary Elaine L. Chao announced proposed new rules and a pilot project to allow unmanned aircraft systems (UAS), or more commonly called drones, to fly overnight and over people without waivers under certain conditions and to further integrate drones safely into the national airspace system. Continue reading