Iris Automation has closed a successful round of $13 million in Series B venture capital funding.
Founded in 2015, Iris Automation develops advanced detection systems used to help provide Detect-and-Avoid (DAA) capabilities that enable safe commercial drone operations including scalable Beyond Visual Line of Sight (BVLOS) missions.
The funding includes follow-on investment by Bessemer Venture Partners, Bee Partners, OCA Ventures, and new investors Sony Innovation Fund and Verizon Ventures. The addition of this strategic investment acknowledges the criticality of collision avoidance and safety technology to the future aviation community.
“We are incredibly excited about this show of support from our current and new investors, particularly during this unprecedented global pandemic,” said Jon Damush, CEO of Iris Automation.
“We have always known that our approach to the problem solves a critical missing link for unpiloted systems, and plan to deploy this capital to further expand our capabilities and improve safety for unpiloted systems as global regulators work to integrate UAS into existing airspaces. The investment clearly illustrates investor confidence in growth of the sector and specifically Iris’ role in the ecosystem.”