Top Flight Technologies, Inc., a Boston, MA-based provider of extended flight, enhanced payload, hybrid-propulsion commercial UAVs (unmanned aerial vehicles) hardware and autopilot control products, secured $1.75m in seed funding.
The round was led by John Frankel from ff Venture Capital, with participation from John Shaw from OA Fund LP, Tak Miyata from Scrum Ventures, Joi Ito from Neoteny Labs and several angel investors.
The company intends to use the funds to continue product development of its Hybrid Propulsion Engine™, Mid-class Airborg UAV, and to start the customer beta program.
Top Flight Technologies is advancing the safety and automation processes of UAVs for commercial service-specific applications. Leveraging hi-tech engineering, software technology innovation and know-how from MIT, Draper Laboratory, FAA, aerospace, aviation and military applications, Top Flight is delivering industrial grade UAV products and industry solutions for aerial imaging, inspection, remote sensing and live object tracking. Its Hybrid Propulsion Engine, which has a record of 2.5+ hours with 1 gallon of gasoline, has enhanced endurance, and extended payload business applications.