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French deep tech startup Internest gets bridge funding to develop precision landing technology for drones

Paris-based deep tech startup Internest has received bridge funding from Luxembourg fund Boundary Holding. The exact amount of the pre-series A round was not disclosed. The French company has developed technology that guides drones to precise landings, whether on fixed or mobile targets, even in harsh weather conditions. Known as a Local Landing System (LoLaS), […]

Latvia’s Aerones raises €2.7 million for its firefighting, building-cleaning and wind turbine-managing drones

Latvian drone startup Aerones has just raised 2.7 million euros from the InnoEnergy investment platform to continue developing its technology and prepare its manufacturing platform with the implementation of a global franchise business model in mind. Backed by Y Combinator, Aerones makes high-power drones that can assist in the maintenance of wind turbines, the cleaning […]

Oxford University spin-off Animal Dynamics acquires Accelerated Dynamics

Oxford-based unmanned aerial systems startup Animal Dynamics has acquired another UK-based company, Accelerated Dynamics, which has developed ADx, an AI platform for drone fleet management. Animal Dynamics, which raised £6 million in funding last November, builds “bio-inspired” unmanned aerial vehicles (UAVs). Its main products, Skeeter and Stork, are designed after the flight mechanics of dragonflies […]

Danish drone startup QuadSAT lands £700,000 in funding

Danish drone-enabled antenna testing startup QuadSAT has raised £700,000 in funding led by Vaekstfonden (the Danish Growth Fund), with participation from Seraphim Capital and existing investors. The company plans to use the funding to bring its antenna-testing platform initially focused on maritime and aeronautical applications to the satellite communications industry. Founded in 2017, QuadSAT has […]