An US-based enterprise drone solutions company has placed itself in a strong position to deliver the next-generation of drone solutions for enterprise users after securing $5m (£3.7m) in funding.
Today, Kittyhawk announced its recent funding round has taken the company’s total capital raised to $6.5m ($4.9m). Kittyhawk raised the capital to further its enterprise drone solutions in a bid to support a variety of industries already realising value from commercial drone operations.
Jim Andelman of Bonfire Ventures, a Santa Monica-based seed fund focused on enterprise software, led the round with participation by Boeing HorizonX Ventures and Freestyle Capital; Kluz Ventures’ The Flying Object also participated as a returning investor.
“We were blown away by the quality of Kittyhawk’s enterprise customer base: Fortune 500 companies who themselves are leading the way in enterprise UAS adoption,” said Andelman, who will be joining the Kittyhawk board of directors.
“We were impressed by not only this current level of traction but also by the team’s thoughtfulness about the coming evolution of this industry. With their degree of forethought and vision, we’re confident that Kittyhawk will be well positioned to continue to lead the way. They’re two steps ahead of how we heard everyone else thinking about this space.”
Kittyhawk’s enterprise solution is designed to unify missions, the aircraft, and the data to allow companies to manage in-house commercial drone operations from one singular platform.
As a vocal advocate for the commercial drone ecosystem, Kittyhawk champions open standards and responsible legislation around creating a UAS traffic management system (UTM). Kittyhawk will continue to work with the FAA, NASA and industry trade associations as UTM matures.
Brian Schettler, managing director of Boeing HorizonX Ventures, added: “When paired with the broad portfolio of complementary data service offerings within Boeing, Kittyhawk is poised to help us shape the future of safe autonomous flight.
“Boeing’s partnership with Kittyhawk on the FAA Low Altitude Authorization and Notification Capability (LAANC) program heralds the continued maturation of the commercial drone industry. We are excited to continue to explore new capabilities made possible through foresight, expertise and a focus on holistic solutions that support the safe integration of unmanned systems into the national airspace.”
Kittyhawk was founded in March 2015 and has built a team that is dedicated to helping create a safety culture in the commercial drone industry and has a passion for creating delightful experiences via a “product first” methodology.