Drone Startups Grab Record Cash

By Thomas Black for Bloomberg Business:  Startup drone makers are finding record amounts of funding as venture capitalists prowl for early winners in what may become an $82 billion industry.

From Silicon Valley to New York, firms including Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners and ff Venture Capital are lining up behind unmanned aerial vehicle companies. Google Inc., General Electric Co. and Qualcomm Inc. also are jumping in with cash.

“Everybody wants to invest in drones because they’re seeing not only the potential but actual results right now,” said Jon Ollwerther, vice president of marketing and operations at drone builder AeroCine, which operates from a waterfront Brooklyn warehouse with a view of the Statue of Liberty. “We have said no to money.”

There’s more than ever to go around. Investors have pumped $210 million into businesses like SZ DJI Technology Co. and DroneDeploy so far in 2015, almost double the total for all of last year, according to data compiler CrunchBase. The pace has quickened as U.S. regulators grant more exemptions for limited commercial operations, reassuring financial backers that they’ll see a payoff from their support.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

uEye XC AUTOMATICALLY PERFECT IMAGES

uEye XC AUTOMATICALLY PERFECT IMAGES

Combining the ease of use of a webcam with the performance and reliability of an industrial camera? The uEye XC autofocus camera from IDS Imaging Development Systems proves that this is possible. Its high-resolution imaging, simple setup and adaptability make it an invaluable tool for improving quality control and streamlining workflows in industrial settings - especially for cases where users would normally employ a webcam. The uEye XC autofocus camera features a 13 MP onsemi sensor and supports two different protocols: USB3 Vision, which enables programmability and customization, and UVC (USB Video Class). The UVC functionality enables a single cable connection for easy setup and commissioning, while delivering high-resolution images and video. This makes the uEye XC camera an ideal option for applications that require quick setup and need to manage variable object distances. Additional features such as digital zoom, automatic white balance and color correction ensure precise detail capture, which is essential for quality control.