Shield AI Valued at $2.8BN After Massive Series F Round

Posted by Dronerator
Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. This total amount reflects $200 million in equity closed in November, $100 million in new equity raised at the Series F price and $200 million in debt. […]

Buddhist Priest in Japan Organises FPV Drone Races Through Temple

Posted by Dronerator
Drone technology has advanced significantly in recent years, with uses ranging from transportation to military operations. Drones are also increasingly popular among leisure users. This report highlights a Buddhist priest who hopes his love of drones will help revitalize his community Fuji Akinori is the Chief Priest in the Hiroshima prefecture. After winning a local […]

AeroVironment Gets $65M US Army Switchblade Contract

Posted by Dronerator
AeroVironment Inc., Simi Valley, California, was awarded a $65,402,691 modification (P00036) to contract W31P4Q-20-C-0024 for the Switchblade weapon system. Work will be performed in Simi Valley, California, with an estimated completion date of April 30, 2024. Fiscal 2024 Foreign Military Sales funds in the amount of $65,402,691 were obligated at the time of the award. […]

Drone Delivery in 2024: A Balanced Perspective

Posted by Dronerator

Explosive growth or steady progress? Drone delivery in 2024 is moving forward. The drone delivery sector has been the subject of numerous articles in recent months, with a variety of news outlets discussing its potential. A report from Future Market Insights projects significant growth for the industry, estimating that the global drone delivery service market […]

The post Drone Delivery in 2024: A Balanced Perspective appeared first on DRONELIFE.