drone industry investment

Flytrex Funding Allows Company to Expand Drone Delivery

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, …

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Skydio Investment Soars by Another $170 Million

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 …

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$8.3 Million New Elsight Funding Round

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 …

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VC Investment in drone industry continues Altitude Angel

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 …

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Drone Industry Investment: DroneBase Scores Additional $7.5 …

Drone industry investment hasn’t dried up in the current crisis.  CA-based aerial data analytics company DroneBase has announced another $7.5 million round – after months of record-setting revenue. Last year, before the coronavirus threw all assumptions and expectations into question, leading drone market analysts DRONEII posited that the drone hype …

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This Drone Company May Change the Way You Think About Take-O…

This Irish startup is trying to totally change the way that you think about takeout. Manna.aero, which the company describes as “the world’s first aviation-grade B2B drone delivery ‘as-a-service’ company” has just raised about $5 million to get off the ground. Founded in 2018 by Bobby Healy, former CTO of …

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