Iris Automation, a Vancouver, Canada- and San Francisco, CA-based developer of intelligent collision avoidance technology for industrial drones, raised $1.5m in seed funding.
The round was led by Bee Partners with participation from Social Capital, GGV Capital and Liquid 2.
The company is using the funds to continue to advance its technology.
Led by Alexander Harmsen, CEO & Co-Founder, and James Howard, CTO & Co-Founder, Iris Automation is developing a high-tech computer vision solution for manufacturers in the agriculture, inspection and mining sectors to build UAVs, which can fly beyond line of sight.
The core of the sense and avoid system is the computer vision algorithms that allow drones to understand the world around them.