Drone company PrecisionHawk raises $18 mln
Raleigh, N.C.-based PrecisionHawk, which provides aerial data and safety platforms for drones, has raised $18 million in a Series C round of fund from new investors Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund also participated in the round. PrecisionHawk told PE Hub that another "Fortune 500" investor in the Series C round will be announced soon. The company, which was founded in 2010 and is seeing a growth of commercial uses of drones nationwide, has now raised $30 million in total funding.
20 April 2016•4 mins read
