Drone Maker 3D Robotics Raises $50 Million In Latest Round

Forbes

By Frank Bi and Ryan Mac

Less than two weeks after the Federal Aviation Administration unveiled its proposed regulations for commercial drones, one California-based drone company sealed its latest round of financing.

North America’s largest personal drone manufacturer, 3D Robotics, raised $50 million on Wednesday led by Qualcomm QCOM +0.47% Ventures. A valuation was not disclosed. The round was the largest amount raised by any U.S.-based consumer drone company to date.

The company intends to use the funds to expand its product development in both its hardware and software products. 3D Robotics will also work with Qualcomm to utilize the company’s Snapdragon processors.

Full article here 3DR raises venture capital again

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Admin
Comment by Thomas J Coyle III on February 26, 2015 at 3:38pm

Nice going Chris!!!

Regards,

TCIII AVD

Comment by Flying Buddha on February 26, 2015 at 3:44pm

Congratulations! Maybe 3D Robotics could celebrate, by offering a sale...more specifically the Pixhawk ;)  (It would help with my new arduboat project).

Comment by Gary McCray on February 26, 2015 at 5:38pm

Congratulations Chris and Jordi,

Guess will be hearing more about Snapdragon processors as flight controllers.

Clearly the FAA's "repositioning" regarding civil use of "drones" is having a major effect on investments and directions.

Really happy to see it and I suspect you guys have been lobbying for a lot of this behind the scenes, if so, - Good Job!

I was thinking of heading off to strictly ground based robots, but with what has happened, I'm sticking around.

Best Regards,

Gary


Developer
Comment by Antonius Kasbergen on February 26, 2015 at 5:41pm

It's really great news, especially with Qualcomm leading this round. Congrats again, Chris Anderson and Jordi Muñoz... 

Comment by Prasenjit Mukherjee on February 26, 2015 at 7:16pm

Wooo! Go Chris and Jordi and the team! :). 

Comment by Darren on February 26, 2015 at 7:44pm

Congrats 3dr way to go! 

Comment by Cliff-E on February 26, 2015 at 8:25pm
:)
Comment by Mike Evers on February 27, 2015 at 1:30am

Excellent, Congratulations Cris,Jordi and the whole 3DRobotcs Team! Looking forward to the new developments coming up.

Comment by Joshua Johnson on February 27, 2015 at 2:29am

That is why I have traveled on the 3DR Bandcopter from the beginning!

Comment by Jolyon Saunders on February 27, 2015 at 2:57am
Exciting news! Congrats to Chris, Jordi and the 3dr team!! This is going to be a world changing company

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