Airware Raises $25M in Series B Financing

airwareAirware, a San Francisco, CA-based maker of a hardware, software, and cloud services platform for commercial drone development and operation, raised $25m in Series B financing.

The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from existing investors Andreessen Horowitz and First Round Capital. In conjunction with the funding, Mike Abbott, general partner at KPCB, will join Airware’s board, which currently includes Jonathan Downey, Airware’s founder and CEO, and Chris Dixon, general partner at Andreessen Horowitz.

The company intends to use the funds to expand its engineering, sales, marketing, and customer support functions.

Founded in 2011, Airware provides an aerial information platform that enables companies to use autonomous commercial drones to collect, analyze, and disseminate the data they need while complying with regulatory and insurance requirements.

The company began working with commercial drone companies as part of its beta program last year, including Delta Drone and Cyber Technology, and has partnered with researchers from MIT to evaluate the delivery of vaccines and medicines using a network of commercial drones.

A graduate of both Lemnos Labs and Y Combinator incubators, Airware will launch the first version of its product for general availability later this year.



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