Newly-funded TRACE acquires unmanned aerial specialist Draganfly
TRACE Live Networks, which earlier this month raised $7 million in a Series B financing, has acquired Draganfly Innovations Inc, a small unmanned aerial vehicle (UAV) systems specialist based in Saskatoon, Saskatchewan. The financial terms of the deal were not disclosed. Cameron Chell, the co-founder and CEO of TRACE, said the acquisition will create new opportunities for growth within the company's existing business and through the integrated applications of Draganfly's UAV technology with TRACE’s visual intelligence tracking platform. Founded in 2014, TRACE has its primary offices in Toronto and Venice, California.
23 July 2015•3 mins read
