AirMap Scores $26million in Series B Funding

picture courtesy AirMap

AirMap, an airspace administration platform for drones, is the most recent drone firm to land main funding to assist explosive progress.

CA-based AirMap introduced a $26 million Series B funding spherical led by Microsoft Ventures, with extra participation from Airbus Ventures, Qualcomm Ventures (the funding arm of Qualcomm Incorporated), Rakuten, Sony, Yuneec, and current buyers General Catalyst and Lux Capital. The new funding brings AirMap’s whole funding to greater than $43 million.

“The Series B funding round will bring AirMap’s airspace management platform and Unmanned aircraft Traffic Management (UTM) solutions to new markets worldwide, as AirMap opens offices in Berlin, Germany and at the NASA Ames Research Center in Mountain View, California,” says the corporate’s press launch.

“The strategic partners participating in our Series B financing reflect the diversity of the drone ecosystem and the potential of drones to benefit every sector of our economy,” mentioned AirMap CEO Ben Marcus, who additionally serves because the business co-chair for the FAA/business Unmanned Aircraft Safety Team. “Very soon, millions of drones will fly billions of flights. This is a future that depends on safe, autonomous drone operations at scale. AirMap’s technology will make this future possible, allowing the drones of today, and the autonomous drones of tomorrow, to take flight.”

The listing of buyers in this newest spherical reveals that the corporate is attracting not solely monetary assist however business partnership.  The firm claims that the AirMap platform “powers the vast majority of the world’s drones,” by offering operators with real-time airspace info and companies.  Certainly the platform has seen very vast adoption, and is embedded in drones produced by a lot of the international leaders in drone manufacturing, together with DJI, Intel, senseFly, 3DR, and Aeryon Labs.

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