Drone Funding: Paper Planes Ventures Flies $2M to Aerobotics

South African drone startup Aerobotics knows that paper airplanes are more than just childhood toys. The up-and-coming firm just received a $2 million boost in VC funding from Johannesburg-based Paper Planes Ventures. The Series A expansion brings the Paper Plane’s total investment to $4 million, an Aerobotics statement noted last …

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Singapore map tech company, GPS Lands, wants to navigate its…

SINGAPORE: Local map tech provider GPS Lands occupies an office space in a quiet, unassuming industrial nook at Jalan Pemimpin. Yet its humble home conceals its burgeoning ambitions. It is looking to offer makers of autonomous vehicles high definition maps which are more accurate than those from the industry bigwigs, according to …

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ZESA Cancelled Tender For Inspection Drones Citing Camera Is…

For many people active in the tenders sector, the last number of months may have been a bad omen of sorts. There has been an unprecedented wave of tender cancellations particularly to do with government related tenders. Also coming down the pipeline was mobile network operator, NetOne, communicating a decision …

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Kratos Preps Valkyrie Combat Drone for First Flight Test

Jeff Herro, senior vice president for business development at Kratos Defense and Security Solutions, said the company expects to conduct the initial flight test of its unmanned “loyal wingman” combat jet in the first week of March, Reuters reported Thursday. Kratos built the XQ-58A Valkyrie drone to support aircraft teaming and accompany …

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Kratos Defense & Security Solutions Acquires Advanced Turbin…

(MENAFN – GlobeNewsWire – Nasdaq) itemprop=”articleBody”>SAN DIEGO, Feb. 28, 2019 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that it has acquired an 80.1% interest in Florida Turbine Technologies, Inc. and FTT Core, LLC (collectively ‘FTT’), a leading …

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