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
Comments
Great to see the company's doing so well. You guys do great work. When is the IPO coming?
Excellent! Chris, that outta help! I'd diversify the company a little at this point! Can't wait to see how it goes!
previously it was the strategic partnership with intel using the edison and now qualcom with a snapdragon.what will be next?
http://www.xconomy.com/san-diego/2015/02/10/qualcomm-buys-aerial-dr...
Buy out a good one.
previously it was the strategic partnership with intel using the edison and now qualcom with a snapdragon.
what will be next?
A success story, congratulations !
Now we can expect something like this =)
Impressive !
Congratulation!!
Congratulations!!! You have well deserved :)
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