Kittyhawk raises $3 million to expand the company’s commercial drone operations for insurance inspections. The funding round was led by strategic investor Travelers, a home and property insurance company. After hurricane Matthew, a storm that killed 25 people in North and South Carolina and resulted in $10 billion worth of damage, Travelers began using Kittyhawk. Today the insurance company uses more than 600 insurance agents who are also FAA licensed drone pilots.
Kittyhawk raises $3 million
Khari Johnson for Venture Beat writes:
“Drone operations management company Kittyhawk today announced the closure of a $3 million funding round led by strategic investor Travelers, a home and property insurance company. The funding will be used to expand Kittyhawk’s commercial drone operation and help Travelers improve its use of drones for inspections of insurance claims inside and outside of natural disaster zones.
The $3 million round follows a $5 million round that closed in June and was led by Bonfire Ventures, with participation by Boeing HorizonX Ventures. Kittyhawk has raised $9.5 million to date. The company is based in San Francisco and was founded in 2015.”
Read the entire article here.
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