AirMap Raises $26M in Series B Funding

airmapAirMap, a Santa Monica, California-based airspace management platform for drones, raised $26m in Series B funding.

The round was led by Microsoft Ventures with participation from Airbus Ventures, Qualcomm Ventures, Rakuten, Sony, Yuneec, General Catalyst and Lux Capital.

The company, which has raised more than $43m in total funding, intends to use the funds to bring its airspace management platform and Unmanned aircraft Traffic Management (UTM) solutions to new markets worldwide, as AirMap opens offices in Berlin, Germany and at the NASA Ames Research Center in Mountain View, California.

Led by CEO Ben Marcus, AirMap provides an airspace management platform for drones, which gives the vast majority of the world’s drones and hundreds of drone manufacturers and developers real-time information and services to fly safely in low-altitude airspace.
AirMap’s data and services are embedded into drones, ground control stations, and flight apps by top drone makers, such as DJI, Intel, senseFly, 3DR, and Aeryon Labs – expanding the reach of the technology and solutions throughout the entire drone ecosystem.

The company has also emerged as a leader in worldwide efforts to build technologies for UTM, the regulatory and technological framework that will facilitate data exchange and air traffic control for drones, and eventually, flying cars. More than 125 airports use AirMap’s airspace management dashboard to open surrounding airspace to drones, view past and current drone flights, accept digital flight notices, and communicate with drone operators.
The AirMap platform also provides solutions for geofencing, remote identification of drones, and in-flight deconfliction.

FinSMEs

23/02/2017

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