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...
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Robots have been doing tough jobs for over half a century, mostly in the automotive sector, but they’ve probably had a bigger impact in Hollywood movies than on factory floors.
That’s about to change.
Today’s robots can see better, think faster, adapt to changing situations, and work with a gentler touch. Some of them are no longer bolted to the factory floor, and they’re moving beyond automotive manufacturing. They’re also getting cheaper.
These improvements are helping to drive demand. In fact, we expect the global industrial robot population to double to about four million by 2020, changing the competitive landscape in dozens of fields — from underground mining to consumer goods and aerospace manufacturing. Robots will allow more manufacturers to produce locally and raise productivity with a knowledge-based workforce. Cont'd...
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