PrecisionHawk, a Raleigh, NC-based provider of a platform to analyze aerial data, received an additional investment from Intel Capital.
The amount of the deal was not disclosed.
Intel Capital joined a previously announced Series B funding round of $10m (read here). Tammi Smorynski led the investment round for Intel Capital and will serve as an advisor to the PrecisionHawk’s board. The capital will be used to enhance product development and engineering.
Founded in 2010 by Ernest Earon and Christopher Dean, PrecisionHawk uses a lightweight UAV [Unmanned Aerial Vehicle] and cloud-based software to collect, process and analyze aerial data.
It is currently providing aerial data solutions to enterprise-level customers across a wide variety of industries, from agriculture, energy, forestry, and government to environmental protection. The company has also launched its data management and analysis tool, Data Mapper, to automatically interpret data coming off the UAV; it plans to release a new model of its fixed wing UAV, the Lancaster Mark IV, in the first quarter of 2015.
PrecisionHawk operates out of offices in Indianapolis, Ind., Raleigh, N.C. and Toronto, Ont.
FinSMEs
05/11/2014