Fast Growing AirMap Raises $15M Series A To Accelerate Development Of Airspace Management System For Drones

Fast Growing AirMap Raises $15M Series A To Accelerate Development Of Airspace Management System For Drones

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AirMap, the world’s leading provider of airspace information and services for unmanned aircraft, today announced that it raised a $15 million Series A financing led by General Catalyst Partners. This new investment accelerates AirMap’s global development of an innovative suite of airspace management tools for drones.

“Our commitment is to help make drones a part of everyday life,” said AirMap CEO Ben Marcus, an airline transport rated pilot and flight instructor. “We fundamentally believe in the transformational impact of this technology. Thousands of innovators are developing amazing applications for drones, ranging from package delivery and industrial inspection to precision agriculture, and public safety. Building a safe and efficient operating environment for drones helps to take these applications from experimental to mainstream.”

The company recently announced its collaboration with more than 50 of America’s largest airports through its Digital Notice and Awareness System (D-NAS), which provides the tools necessary for safe drone flights near airports. Major drone manufacturers including DJI and 3DRobotics also rely upon AirMap’s services.

While millions of drones are already flying, primarily for hobby and recreation, the potential for drones is much bigger. Hemant Taneja of General Catalyst Partners explained, “People will soon be benefiting from drone-enabled services in their everyday lives, often without even realizing it. AirMap is building the trusted infrastructure to support the mainstream drone use cases that we will all soon take for granted.” Mr. Taneja has joined AirMap’s Board of Directors.

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