Tue, Nov 06, 2018
Automated Drone Startup Has Raised $30 Million In A New Funding Round
Israeli automated drone startup Airobotics today announced a $30M Series D round of funding bringing its total capital raised to $101M. Pavilion Capital is leading the round, joining a list of prominent investors, including BlueRun Ventures, Charles River Ventures and OurCrowd, as well as additional private investors.
The new round of funding will be used to further scale Airobotics operations in the United States and Australia. Airobotics recently launched its North American headquarters in Scottsdale, Arizona, where the company will run all North America, South America and Central America operations. The Scottsdale office will become the company’s global headquarters as Airobotics continues to scale. The funding will also be used to continue servicing the mining industry and other industrial facilities globally.
“Airobotics is experiencing massive momentum and expanding across geographies,” said Ran Krauss, CEO and Co-Founder of Airobotics. “We are honored that Pavilion Capital sees the huge potential in Airobotics’ technology and aerial data solutions. We have a strong business pipeline and to keep up with demand for our technology, we are continuing to expand operations across the countries in which we operate, specifically our new headquarters in the U.S. Additionally, the new funding will drive our continuous work with Aviation Authorities to obtain BVLOS (Beyond Visual Line of Sight) Certificate of Waiver in every geography we operate in, including in the U.S.”
Airobotics’ automated solution represents the next generation of drone operations, overtaking standard piloted services which are expensive, inaccurate and not always available. The company is the first and only drone solution worldwide certified to fly without a human operator (certification from Civil Aviation Authority of Israel, March 2017, see here for details).
The startup has been experiencing a hyper-growth stage, and was recently honored by The Wall Street Journal as one of Top 25 Tech Companies to Watch in 2018 and as one of the world’s “Most Innovative Companies” by Fast Company. The company received Frost & Sullivan’s 2018 Global New Product Innovation Award and the 2017 Edison Award for innovation and excellence as well.
(Source: Airobotics news release)
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