Category Archives: Business News

Xtend Raises $40m after Drone Success in Gaza

Israeli assault and surveillance drone manufacturer Xtend has completed a $40 million Series B financing round after the drones it has developed have proven their capabilities in the Gaza war in dense urban fighting by IDF units. The company has not disclosed its valuation in the financing round but according to industry sources its valuation has risen to $110 million. Continue reading

Verizon Frontline and NOAA to Partner on Advanced Disaster Response Research

The National Oceanic and Atmospheric Administration (NOAA) and Verizon Frontline have signed a three-year Cooperative Research and Development Agreement to explore new strategies to rapidly deploy uncrewed aircraft systems to collect and distribute imagery of damage resulting from severe storms such as tornadoes or hurricanes. Continue reading

Pyka and Sierra Nevada Corporation Partner to Offer Large-Scale All-Electric Cargo UAS

Pyka and Sierra Nevada Corporation (SNC) have partnered to offer Pyka’s large-scale all-electric cargo uncrewed aerial system (UAS) to customers within the U.S. Department of Defense. The dynamic partnership combines SNC’s expertise in customizing solutions for the world’s most complex challenges and Pyka’s revolutionary autonomous electric cargo aircraft, Pelican Cargo. Continue reading

Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters

Red Cat Holdings, Inc. , a drone technology company integrating robotic hardware and software for military, government, and commercial operations, has announced the formation of the Red Cat Futures Initiative (RFI). RFI is an independent, industry-wide consortium of robotics and autonomous systems (RAS) partners dedicated to putting the most advanced and interoperable uncrewed aircraft systems into the hands of warfighters. Continue reading