Investment

The funding will be used to accelerate the expansion of 5x5's Ávrio Compute and Reality CAD data analysis platforms

QuadSAT’s mobile antenna testing system offers users affordable, accessible, and accurate antenna testing and calibration

Easy Aerial has successfully raised $6.15M in Series A funding. This funding round was led by the same private investment group that participated in the company’s initial seed rounds totalling $4.75M between 2017 and 2019. The oversold round, which was closed prior to its opening, also saw the participation of several new strategic investors.  The lead private investment group’s continual support and sustained investment in Easy Aerial, along with the addition of new strategic investors, is a testament to the tremendous confidence the private investment community has in the company, even amidst COVID-19-related uncertainties. The new investment round will enable

The drone hub will reportedly consist of training facilities and research and development centres.

The amount invested in the five companies, one of which was Skydio, came to a total of $13.4 million (£10.7 million).

The Skydio X2 family of drones is designed for both commercial and military uses.

With this series C funding round it has nearly doubled its valuation in only 10 months.

The Senior Secured Convertible Note will be used for current operating working capital and other general corporate purposes.

With the funding it will create a DroneBase Insights for Wind and Solar division, as well as DroneBase Europe, which will be located in Germany.

The company claims to provide next-generation, off-the-shelf hardware and software systems that most customers can use out of the box with any type of robot or drone.