Robohub.org
 

PrecisionHawk raises $10M


by
18 September 2014



share this:

According to a press release from today:

PrecisionHawk, an information delivery company that uses a small, lightweight UAV and cloud-based software to collect, process and analyze aerial data, today announced it has closed a Series B financing round of approximately $10 million led by New York City-based investor Millennium Technology Value Partners with Bob Young, co-founder of RedHat, and The Innovate Indiana Fund.
PrecisionHawk’s client base includes Fortune 500 companies that rely on technology for resource management across industries such as agriculture, insurance and energy, among others. Doing more with less used to be a catchphrase, but now it’s a requirement. There is immense pressure placed on development, food, health and infrastructure due to climate, increasing costs and overpopulation.

The product closes the gap between aerial data collected with a UAV and the intensive data/image analysis that provides actionable information to end users. This funding will allow PrecisionHawk to scale to meet a growing demand for a aerial information pipeline that goes far beyond a UAV with a camera.
Plans post-funding:

  1. Double employee base to keep up with product demand (fixed wing UAV platform and 15 sensor types).

  2. Open its fourth office in College Station, TX in public partnership with Texas A&M. Focus on insurance and emergency response applications.

  3. Launch cloud-based platform, DataMapper, for processing, management and analytics. We have been using this platform with key clients and are ready to roll it out commercially at the end of September.

http://youtu.be/V244qPNz_4k

Read the full press release.



tags: , , ,


Hallie Siegel robotics editor-at-large
Hallie Siegel robotics editor-at-large





Related posts :



Robot Talk Episode 115 – Robot dogs working in industry, with Benjamin Mottis

  28 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Benjamin Mottis from ANYbotics about deploying their four-legged ANYmal robot in a variety of industries.

Robot Talk Episode 114 – Reducing waste with robotics, with Josie Gotz

  21 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Josie Gotz from the Manufacturing Technology Centre about robotics for material recovery, reuse and recycling.

Robot Talk Episode 113 – Soft robotic hands, with Kaspar Althoefer

  14 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Kaspar Althoefer from Queen Mary University of London about soft robotic manipulators for healthcare and manufacturing.

Robot Talk Episode 112 – Getting creative with robotics, with Vali Lalioti

  07 Mar 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Vali Lalioti from the University of the Arts London about how art, culture and robotics interact.

Robot Talk Episode 111 – Robots for climate action, with Patrick Meier

  28 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Patrick Meier from the Climate Robotics Network about how robots can help scale action on climate change.

Robot Talk Episode 110 – Designing ethical robots, with Catherine Menon

  21 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Catherine Menon from the University of Hertfordshire about designing home assistance robots with ethics in mind.

Robot Talk Episode 109 – Building robots at home, with Dan Nicholson

  14 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Dan Nicholson from MakerForge.tech about creating open source robotics projects you can do at home.

Robot Talk Episode 108 – Giving robots the sense of touch, with Anuradha Ranasinghe

  07 Feb 2025
In the latest episode of the Robot Talk podcast, Claire chatted to Anuradha Ranasinghe from Liverpool Hope University about haptic sensors for wearable tech and robotics.





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association