Drone developer Skycatch Inc. has landed $22 million in new funding. The company is still raising its funding, and it has a target of $25 million, according to a regulatory filing.
Venture investment in drone companies has soared this year, with large investments in drone makers and other companies that make hardware or software for the unmanned aerial vehicles.
San Francisco-based Skycatch makes drones and software to help companies monitor complex job sites, such as those in construction, oil and gas extraction, mining and agriculture. Riverwood Ventures led the Skycatch investment, which was joined bySherpalo Ventures, Avalon Ventures, zPark Capital and others.
Source: Wall Street Journal