Tag Archives: raises

Aviation startup Beta Technologies raises $375 million in fu…

The airplane industry has lagged behind most industries when it comes to switching from fossil fuels to cleaner alternatives, mostly because the alternatives were difficult to work with. In recent years, however, the electric aviation industry has attracted over $5 billion in funding. Driving the news: On Wednesday, an aviation …

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Terra Drone Raises $70 Million in Series B Funding

TOKYO, March 22, 2022 /PRNewswire/ — Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation announced today that it has raised $70 million (8 billion Japanese yen) in Series B funding with investments from Mitsui & Co., Ltd., SBI Investment Co., Ltd., Tokyu Land Corporation, Kyushu …

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DroneSeed Raises Series a Funding Round

DroneSeed today announced it has raised $36 million in its Series A funding round. The round was led by Social Capital and Seven Seven Six, with participation from new and existing investors. Part of these funds were used to acquire Silvaseed, a 130-year-old forestry company, to expand DroneSeed’s seed collection …

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Wingcopter raises $22 million to ramp up delivery drone prod…

Wingcopter, a Darmstadt, Germany-based drone manufacturer, today announced that it raised $22 million in a funding round led by Xplorer Capital and Futury Regio Growth Fund. The company says it will use the proceeds to expand its health care-related activities (including the distribution of COVID-19 vaccines), prepare for the launch …

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Percepto Raises $15 Million Series A Funding Led by USVP, Fo…

Percepto, the global market leader for industrial autonomous drone solutions, has raised $15M Series A Round Funding, led by USVP, with participation from existing investors: NHN, Spider Capital and Emerge. The company has to date raised a total of $27.5M. Previous investors include R&R Venture Partners and Hyundai Motors. CALIFORNIA, …

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Military drones; the new wave raises questions

That’s causing a few problems for the military professionals, and maybe for the world. Drone evolution has been very quick, particularly in the military sphere. Six years ago, I was writing about drone swarms. Now, the issue is drone swarms with much more advanced technologies, longer ranges, and much more …

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CSIRO drone spinoff Emesent raises AU$3.5 million

(Image: Kevin Lee) A drone company spun out of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has collected AU$3.5 million in a funding round led by the CSIRO Innovation Fund, and joined by mining executive Andy Greig. Emesent will use the cash to commercialise its Hovermap product, which uses …

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Kiwi drone company raises $1m, explains its ‘shroud’ technol…

Kiwi drone startup Dotterel Technologies has raised $1.06m from Sydney-based Jelix Ventures, which specialises in backing early-stage companies. Jelix now has an 11.45 per cent stake in Dotterel. Other investors include managers, Sir Stephen Tindall’s K1W1 fund, Crown agency NZVIF, Techstars Australian Defence Accelerator and Auckland University’s commercialisation arm Uniservices …

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