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 […]

Israeli drone delivery startup Flytrex raises $7.5 million

Tel Aviv-based drone technology startup Flytrex has raised $7.5 million in a funding round led by Benhamou Global Ventures (BGV), with additional investment from btov. This round brings the total amount raised by the company to $11 million. Flytrex is planning to use the fresh capital to improve its existing drone delivery operations in Iceland […]

Oxford University spin-off Animal Dynamics raises £6 million for its drone and UAV projects

Oxford-founded startup Animal Dynamics that develops unmanned aerial systems inspired by biological concepts has raised £6 million in a Series A funding round led by Oxford Sciences Innovation (OSI), with participation from Kindred Capital and Australian investment company Tanarra Capital. Founded in 2015, Animal Dynamics currently focuses on two projects that seem to be aimed […]

Israeli industrial drone maker Airobotics raises $32.5 million Series C

Israeli autonomous drone maker Airobotics has raised $32.5 million led by BlueRun Ventures China with participation from Microsoft Ventures and OurCrowd. Existing investors CRV, BRV, Waze CEO Noam Bardin, former Googler Richard Wooldbridge, and Silver Lake Partners cofounder David Roux all participated in the Series C round as well. Its total funding now stands at […]