Tag Archives: funding

The escalating rivalry in underwater drone technology between the US and China is driving investment and fostering innovation, exemplified by the Manta Ray underwater drone. Source: DARPA The increasing competition between the US and China in underwater drone technology is spurring investment and innovation, such as the Manta Ray underwater …

Lithuanian Startup’s Cutting-Edge UAVs and Gimbals Set to Revolutionize Reconnaissance Missions Amid Ukraine Conflict Granta Autonomy, a Lithuanian startup specializing in fully autonomous UAVs for intelligence, surveillance, and reconnaissance missions, has successfully completed a €1 million seed funding round. The funding, led by ScaleWolf VC with participation from Brolis Defence …

Funding to Boost Innovation and Job Creation in Autonomous Systems The Biden-Harris Administration and the U.S. Economic Development Administration (EDA) have awarded approximately $51 million to the Tulsa Hub for Equitable and Trustworthy Autonomy (THETA). This funding aims to bolster the region’s capabilities in autonomous systems through advanced manufacturing and …

We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s Oct. 7 attack on Israel. With global military expenditure reaching $2.4 trillion last year, startups are hoping to get a share of the pie, and formerly reluctant investors are keen to help them …

PITTSBURGH — On four occasions last year, medical helicopters flew over Pittsburgh transporting not injured humans, but wounded pigs. The pigs — bleeding heavily from the abdomen — were stabilized in the air by an autonomous medical intervention system developed by the University of Pittsburgh as part of a military-funded …

Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The U.S. Department of Transportation is accepting applications for stage 1 of the Strengthening Mobility and Revolutionizing Transportation grants program, which supports advanced smart community technologies and systems that improve transportation …

FlyGuys, a reality data-capturing technology company based in Louisiana, announces the triumphant closing of its Series A funding round, securing a remarkable investment of $10 million. This substantial financial boost is poised to catalyze relentless innovation, create a scalable software solutions platform, and strengthen the company’s nationwide influence. The round …

Quantum Systems, Europe’s leading innovator in dual-use drone-robotics offering state-of-the-art multi-sensor technology for both government and commercial clients, announces the successful completion of its €63.6 million Series B funding round. This brings the total amount of funding for the Munich-based drone manufacturer to over €100 million. Leading the investment are HV …

Thread, the leader of enterprise-scale autonomous data collection for delivering precise inspection insights, announced that it closed a Series A funding round in the amount of $15M. The round was led by Badlands Capital with notable participation from an early utility partner of Thread’s, Minnkota Power Cooperative, Generational Partners, Rosecliff Ventures, Excell Partners, Homegrown Capital and Kevin O’Leary’s Wonder Fund North …

General Atomics Aeronautical Systems, Inc. (GA-ASI) announced that the Army National Guard (ARNG) has received fiscal year 2023 Congressional funding for 12 new Gray Eagle 25M (GE-25M) Unmanned Aircraft Systems (UAS). The funding comesafter Army National Guard States, which make up 45 percent of the U.S. Army’s combat divisions, requested GE-25Ms to …