3D Robotics Announces $30 Million Series B Financing

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SAN DIEGO, Calif., Sept. 26, 2013 — 3D Robotics, the leading open Unmanned Aerial Vehicle (UAV) company, today announced a $30 million Series B financing round. The round was co-led by Foundry Group, a new investor, and existing investor True Ventures, along with participation from existing investors O’Reilly AlphaTech Ventures and SK Ventures. As part of this round,  Jason Mendelson of Foundry Group will join the 3D Robotics board of directors.

This round of funding augments a late-2012 Series A round led by True Ventures and O’Reilly AlphaTech Ventures. It will enable 3D Robotics to mainstream aerial robotics and surveying, making advanced UAV technology affordable and easy to use for its worldwide customer base of businesses and individuals. Working with its large community of users and open source developers, 3D Robotics has created the industry’s leading open UAV platform, APM, and is now extending that to a new generation of autopilots, software and ready-to-fly multicopter and fixed-wing UAVs.

As part of this funding round 3D Robotics will expand its development and deployment of advanced UAV applications, with a focus on agricultural crop mapping and other commercial aerial survey technology. “The opportunity to bring ‘big data’ to agriculture through low-cost automated aerial crop surveys could be a game-changer for both farming and the UAV industry alike,” said Chris Anderson, CEO of 3D Robotics. “Adding UAVs to the precision agriculture toolkit of a 21st Century farmer gives them the power to use imaging data to not only increase yield, but decrease water use and the chemical load in both food and environment.”

Starting in 2015, AUVSI, the UAV industry trade group, estimates that the first three years of integration of commercial drones into the national airspace will create more than 70,000 jobs in the United States with an economic impact of more than $13.6 billion.  International prospects are much larger.  ”We’re building out a world-wide sales, service and support model that will help us build long-term relationships with local resellers that can in-turn support their local community requirements for mapping and imaging,” said John Cherbini, 3D Robotics VP of Sales.

3D Robotics also recently announced Iris, the company’s first ready-to-fly, fully-autonomous quadcopter for the consumer market.  The lightweight vehicle can conduct hands-off missions and record high definition aerial video, bringing pro-level UAV features at an unprecedented sub-$1,000 price. Iris is now shipping to developers, with consumer sales to begin in November.

In conjunction with Iris, 3D Robotics has extended its exclusive relationship with the PX4 team at the Swiss Federal Institute of Technology (ETH), one of the world’s leading UAV research institutions. In collaboration with ETH, 3D Robotics has announced its most powerful autopilot to date, Pixhawk, which will ship in October.  Pixhawk is a new 32-bit open autopilot platform designed for improved ease of use and reliability while offering unprecedented safety features compared to existing solutions.

3D Robotics’ mission is to deliver reliable, easy-to-use autonomous navigation and sensing solutions to customers using land, sea or air based vehicles.  3D Robotics’ open UAV technology, which is in use by tens of thousands of customers already, delivers pro-level aerial robotics features at consumer-level prices to bring UAV applications to mainstream markets.

3D Robotics is a privately-held North American company with offices in Berkeley, San Diego and Tijuana, Mexico.

For more information on the company visit: http://www.3drobotics.com

Views: 2302


Admin
Comment by Thomas J Coyle III on September 26, 2013 at 1:16pm

Congratulations to Chris and Company!!!!

Regards,

TCIII ArduRover2 Developer

Comment by Mark Kellogg on September 26, 2013 at 1:21pm

Way to go guys!  Looking forward to the new developments...

Best,

M Kellogg

Comment by Gary McCray on September 26, 2013 at 1:21pm

Go for it, Chris, Craig, John et all,

I guess this means your going to be in the thick of it between us and the FAA too.

Nobody better for it.

Best Regards,

Gary

Comment by Jack Crossfire on September 26, 2013 at 1:55pm

Amazing how far the good old quad can go.  That's probably the most any UAV startup has ever gotten.  When Rotomotion, Adaptive Flight & Neural Robotics were in the field, they were lucky to get $100,000 in contracts in a year.  The Kamen & Procerus buyouts were only in the $5 million range.  It's probably more than any hobby store's value. 


Jordi isn't nuking his credit cards for parts anymore.  Now the trick is staying in the game until their shares vest.  The baby is out of the bag & now in the hands of the corporate managers.  That kind of money is going to have to go to higher end products, just as makerbot had to shift to higher end machines.  It's hard to see a future without military products.

Comment by Jay Galleno on September 26, 2013 at 6:50pm

It's just started but its already a milestone for the company. congratulations!

Comment by Alfred Alan jr on September 26, 2013 at 7:13pm

  That's a great news, Congratulations!

Comment by george on September 26, 2013 at 8:54pm

Makerbot shifted to higher end machines? That's news to me. Downgrade and increased prices is all I've seen.

Comment by Joshua Johnson on September 26, 2013 at 9:20pm

Congratulations 3DR!!!!  That's going to be huge for the further development of the company!  I can't wait to see where this funding takes you. 


Moderator
Comment by Roberto Navoni on September 26, 2013 at 10:29pm

Incredible , Great Job Chris !!!

Comment by J BeV on September 27, 2013 at 12:17am
Guess we've got some catching up to do...

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