Drone startups swoop up millions


It's not exactly a surprise that both parties -- consumers and VCS -- are shelling out a lot for drones.

Recent drone campaigns on crowdfunding sites like Kickstarter and Indiegogo have blown fundraising goals out of the water. AirDog, an auto-follow drone, raised $1.3 million on Kickstarter with a goal of just $200,000. PlexiDrone, an aerial photography device, raised over $1 million with a goal of $100,000 on Indiegogo.

And VC dollars have flowed to this sector, too. Some in sizable financing rounds -- like Unmanned Innovations (known as Airware), which raised $25 million in July.

Venture capital funding for drone-related startups is very much on the rise. It totaled $412 million in 2014 -- up 44% from 2013, according to PrivCo preliminary 2014 data. That makes it the fastest growing tech sub-sector behind cybersecurity.

PrivCo CEO Sam Hamadeh said that though the sector is still very nascent, funding amounts like Unmanned Innovations and Ghost Drones bode well for VC drone investing in 2015.

Full article here Drone Startups

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  • I love everything about drone technology.  So many great uses for drone and they are great fun.  I keep up to date with the latest videos on Youtube whether travel or technology such as 3D Robotics and DJI.

    Smart Drones and advanced aerial cinema. Solo now shipping. #FLY3DR
  • Jesse "and controller... boom!"
    U talk bout PX4 or Naza or something like that ?
    And how many boom's u may made? =)

  • Two sticks, four motors, a battery and controller... boom! Quadcopter. Looks like everyone and their brother are trying to concoct their own version. Very few stand apart from the rest.

  • Several quad companies at CES. Some which haven't hit the market yet. Most appeared to be overpriced to me. But, I guess I'm just to cheap.
  • God news for drone makers.
    It's real highly demand  hitech industrial sector w real production and real consumers.
    "In" and "for" modern countries only of cource =)

  • Moderator

    I remember .com companies 15 years ago...

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