Iris Automation, a San Francisco, CA-based computer vision technology company, closed a $13m Series B venture capital funding.
The funding includes follow-on investment by Bessemer Venture Partners, Bee Partners, OCA Ventures, and new investors Sony Innovation Fund and Verizon Ventures.
Founded in 2015 and led by Jon Damush, CEO, Iris Automation is a computer vision technology company pioneering the development of advanced detection systems used to help provide Detect-and-Avoid (DAA) capabilities that enable safe commercial drone operations including scalable Beyond Visual Line of Sight (BVLOS) missions.
With this investment, the company will:
- Expand machine learning and AI capabilities and testing to improve and extend the Casia system’s performance envelope.
- Continue to participate in the Federal Aviation Administration’s BEYOND program, focused on enabling Beyond Visual Line of Sight operations with Unmanned Aircraft Systems (UAS) to advance airspace integration. BEYOND will demonstrate operations that are repeatable, scalable and economically viable with specific emphasis on infrastructure inspection, public safety operations and small package delivery.
- Continue to improve detection and classification capabilities of the Casia system to support expanded use cases, operational environments and aircraft compatibility.
- Build out fulfillment capabilities to produce, deliver and support the growing installed base of aircraft OEM partners and end use customers, and enter new markets associated with aircraft safety.