PrecisionHawk Secures $18M Series C Funding

Precision Hawk Lancaster5LaunchPrecisionHawk Inc. — a provider of aerial data and safety platforms for drones — announced that it has closed an $18 million round of funding with Verizon Ventures, a subsidiary of USAA, NTT Docomo Ventures, and Yamaha Motor with full participation from existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund in an oversubscribed round.

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Calls for Government Action Follow Heathrow UAV Incident

HeathrowA lack of regulation has been blamed for a drone hitting a British Airways passenger jet, as it emerged that police have failed to investigate 40 near-misses in the past year. Calls for action to mitigate the threat to passenger aircraft from unmanned aerial vehicles (UAVs) came from Europe’s main regional airline trade group and others following an April 17 incident at London Heathrow Airport.

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