Airware, a Newport Beach, CA-based creator of a universal development platform for commercial drones, raised $10.7m in Series A financing.
The company intends to use the capital to continue to expand the team (read here) and scale operations.
The round was led by Andreessen Horowitz, with participation from Google Ventures. In conjunction with the funding, Chris Dixon, partner at Andreessen Horowitz, will join the company’s board (read here his thoughts about the investment).
Founded in 2011 by CEO Jonathan Downey, Airware created a universal platform (with on-board hardware, software, and a flexible API) for professional grade, customizable autopilots for micro to mid-size fixed-wing, helicopter, multiple-rotor, and custom configuration unmanned aerial systems. The company is currently integrating their technology into drones produced by commercial companies for uses including the prevention of rhino poaching in Kenya, vaccine delivery to remote areas in Africa and Southeast Asia, skier search and rescue, and open air mining operations in France.
FinSMEs
15/05/2013