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...
Leading Industry Experts to Present Dynamic Educational Sessions and Case Studies at 2015 Drone World Expo
From CyPhy LVL 1 Drone Kickstarter:
Our drone never tilts, allowing it to snap perfect pictures and stable video every time. By eliminating tilting, the drone handles intuitively, with an unrivaled out-of-the-box experience.
Thanks to its special shape, our LVL 1 simplifies aerial photography. There’s no complex, expensive stabilization mount or vulnerable camera. You’ll take stunning pictures with ease.
CyPhy Works, founded by iRobot co-founder Helen Greiner, has been making tethered drones for industrial application. These drones were designed to fly 24/7 in all types of wind and weather.
While Dr. Kenneth Sebesta was optimizing our drones’ hovering, he came up with a breakthrough. He realized that with just the right twist angle of the arms and a precise amount of added dihedral — plus a lot more fancy math — we could achieve level flight for the first time on a multi-rotor drone... $495 (Kickstarter)
Records 136 to 150 of 167