Michigan’s SkySpecs gets $80M funding to expand drone software offerings

skyspecs drone inspection software

SkySpecs, a Michigan-based company whose drone software is used to monitor about 45% of all wind turbine blades in North America, has scooped up a cool $80 million in strategic funding to grow its product portfolio as well as geographic footprint. The funding round was led by Goldman Sachs with participation from NextEra Energy Resources and existing investors.

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Terra Drone raises $70 million in Series B funding

Terra Drone Corporation, a drone and urban air mobility (UAM) technology company headquartered in Japan, announced today it has scooped up a cool $70 million in Series B funding. The company, which was ranked as the “top drone service provider in the world” by market research firm Drone Industry Insights in 2019 and 2020, is now looking at establishing a US office and pushing out its uncrewed traffic management (UTM) offerings to the global market.

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What’s the difference between drones, UAS, UAV, and RPAS?

Everybody has heard about drones by now, but there are several other oft-used terms like UAS and UAV that tend to confuse readers. So, what exactly is a drone and how is it different from these other commonly heard terms such as UAS, UAV, FPV, RPAS, and model aircraft?

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The top drone manufacturers of 2021

Drone Industry Insights (DII) analyzed more than 500 global companies whose core business is to manufacture drones. Here’s what they found…

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Connecticut drone maker lays off 33 employees, blames ‘manufacturing crisis’

After spending the last couple of months to acquire a $9 million stake in a European drone manufacturing firm and buying out an AI-based software company for an undisclosed sum, Aquiline Drones has quietly laid off nearly half of its workforce.

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DroneAnalyst report reveals dramatic drop in DJI’s commercial drone market share

Research firm DroneAnalyst has just released its fifth annual drone market report, which combines findings from its annual survey and interviews with key industry stakeholders. The independent advisory firm has earned a reputation for being one of the most credible voices in the ever-expanding drone industry, and there’s a lot to unpack in the report. But, for now, let’s focus on four core insights, beginning with DJI’s commercial market share taking a massive hit in 2021.

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