Business
The Academy of Model Aeronautics (AMA), the nation’s largest organization for model aircraft enthusiasts, has partnered with AirMap, an airspace management platform for unmanned aircraft. The AMA has a long history of safe, responsible flight and is dedicated to the advancement and safeguarding of model aircraft activities. Now with
Business
Converge, a commercial drone software provider, has raised over three quarters of a million in seed funding. The company’s initial round of funding included investors Samsung NEXT, Techstars Ventures, Kima Ventures, and other angel investors. The commercial drone market is expected to grow to $58.3B as traditional industries
Business
SkyWatch, a data analysis, risk-assessment and active risk-reduction platform for the drone industry, announced that it has raised $2 million in a Seed round from F2 Capital, Verizon Ventures and Kaedan Capital with participation of former senior insurance executives from companies like Axa and Liberty Mutual, and world-
C-UAS
Atlas Dynamics, a next generation aerospace company providing autonomous UAV solutions, announced that it has entered a partnership with Luxriot, developer of high-performance Luxriot Evo Video Management Software, to develop drone-based solutions for the defense, security and first response markets. "These are three key markets that are
Business
General Atomics Aeronautical Systems Inc. has been awarded a $49,336,683 cost-plus-fixed-fee order (FA8620-18-F-2363) to previously awarded basic ordering agreement FA8620-15-G-4040. This contract provides for tasks necessary to develop, field, and sustain Air Force Special Operations Command and Air Combat
Business
InstantEye Robotics announced that it has opened a new facility dedicated to the development and manufacturing of its family of tactical unmanned aerial systems. The 33,000 square-foot facility – with integrated design labs, manufacturing lines, and indoor and outdoor flight arenas – was specifically designed to accommodate the unique needs
Commercial
PrecisionHawk, Inc. has announced that it has raised a $75 million round of funding from a group of venture and strategic investors. This investment brings PrecisionHawk’s total funding to more than $100 million since being founded in 2010, making it the world’s most well-capitalized commercial drone company.
Business
Against the backdrop of an increased focus on health and safety in all commercial disciplines, Bureau Veritas and Sky-Futures have joined forces in a pioneering new partnership designed to take inspection strategy to, quite literally, a whole new level. Drawing on Bureau Veritas’ vast repertoire as a world-leading
Business
Poland's Advanced Protection Systems landed a major contract for delivery of Ctrl+Sky multi-sensor drone detection system to a law enforcement client in one of EU/NATO countries outside of Poland. Ctrl+Sky solution proved prevalent comparing to competition due to the seamlessly integrated sensors, superb radar
Electronic Sub-Systems
Iris Automation, a provider of collision avoidance for commercial drones, has announced an $8 million Series A financing round to fund the development of crucial unlocking technologies for the autonomous flying robotics industry. Combining novel approaches in artificial intelligence (AI), computer vision, and sensor fusion, Iris Automation has built a
Business
Last year, the US Coast Guard netted its third largest drug bust of all time with the help of a small drone. Now, the service wants that kind of ISR capability for all of its national security cutters, and plans to jump start a competition in the coming weeks. The
Business
SkySpecs, an automated infrastructure inspection company, has announced an $8 million Series B financing led by Statkraft Ventures together with UL Ventures and Capital Midwest with follow-on investments from Venture Investors, Huron River Ventures and additional existing investors. Founders and Forbes 30 Under 30 honorees Danny Ellis and Tom