PrecisionHawk, Inc., a Raleigh, NC-based provider of drone technology for the enterprise, raised a $75m round of funding.
The round was led by Third Point Ventures, with participation from new investors Comcast Ventures, Senator Investor Group, Constellation Technology Ventures and Syngenta Ventures, among others, and existing investors Intel Capital, Millennium Technology Value Partners, DuPont, Verizon Ventures, a subsidiary of USAA, and Indiana University’s Innovate Indiana Fund.
The company, which has raised more than $100m in total funding since being founded in 2010, will use the capital to expand its team, focus on product innovation and make strategic acquisitions.
Led by Michael Chasen, CEO, PrecisionHawk is a provider of drone technology for the enterprise to integrate drone data in their business insight captrue processes.
The client list includes Fortune 500 companies and market leaders in 150 countries, spanning a range of industries, including agriculture, energy, insurance, government and construction.