drone industry investment

Unifly Raises €10 Million from Terra Drone and JOIN by DRONELIFE Staff Writer Ian M. Crosby Unifly, the leading provider of Unmanned Traffic Management  (UTM) systems, has announced the acquisition of €10 Million in funding contributed by Japanese industrial drone solution company Terra Drone and Japan Overseas Infrastructure Investment Corporation …

Drone ecosystem funding: leading Digital Twin platform vHive Raises $25 Million in Series B Led by PSG Israeli-based vHive offers a software solution for Digital Twins and other critical insights.  The platform enables commercial, off-the-shelf (COTS) drones to fly autonomously around assets, resulting in a precise and repeatable data set. The …

TreeSwift Raises $4.8M for Drone-Based Forest Monitoring System by DRONELIFE Staff Writer Ian M. Crosby Philadelphia-based company Treeswift announced the acquisition of $4.8 million in Seed funding. The funding was led by Pathbreaker Ventures, with contributions by Crosslink Capital, TenOneTen Ventures, Contour Venture Partners, Boom Capital Ventures, Yes VC, Susa …

Volocopter Raises $170M in First Signing of Series E Financing Round by DRONELIFE Staff Writer Ian M. Crosby Urban air mobility pioneer Volocopter has secured USD 170 million in the initial signing of its Series E funding round, with a pre-money valuation of USD 1.7 billion. Led by South Korean investor …

Flytrex Funding: Company Raises $40M to Expand Drone Delivery Services Across the US by DRONELIFE Staff Writer Ian M. Crosby On-demand drone delivery leader Flytrex has announced that it has raised $40 million in it’s Series C funding round, bringing its total funding to date to $60 million. The round, …

XTEND Funding: Company Raises $20 Million for Life Saving Drone Operating System by Ian M. Crosby Today, XTEND, a human-guided, AI-operated drone system enabling operators to more safely undertake complex missions, has announced it has raised $20 million in equity financing as part of its Series A fundraising round. Chartered …

Funding for U.S. drone manufacturers has just broken through another record, as Skydio investment soars by a $170 million Series D round.  The Series D round was led by Andreessen Horowitz’s Growth Fund. The announcement is the latest chapter in the stunning Skydio story.  Introduced in 2019, Skydio’s autonomous platform …

A new round of DroneDeploy​ funding adds $50 million to the company, bringing the total to date to $142 million: which a company release says is the most to date for any drone data company.  This latest Series E funding round is the result of DroneDeploy’s explosive growth (they report …

The latest Elsight funding round of $8.3M will fund product development and market growth, says CEO Yoav Amitai. DRONELIFE wrote about Elsight’s Halo product earlier this year: the company’s flagship connectivity solution.  Elsight’s powerful bi-directional algorithm splits any kind of data (video, audio, telemetry and more) into encrypted packets, using secure VPN tunnelling to …

U.K.-based Altitude Angel, leading UTM (Unmanned Traffic Management) technology provider, is the latest to receive a new influx of funding as VC investment in the drone industry continues.  Altitude Angel has raised £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. “The latest fundraising concludes Altitude Angel’s …