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Automated Drone Company Airobotics Raises $30 Million to Fuel Global Expansion

The round was led by Singapore-based Pavilion Capital, a fund backed by Temasek 

Airobotics, an Israel based startup building autonomous drones for the enterprise sector that do not require humans to get involved in any aspect of operating them, has raised USD 30 million in a new round of financing to expand its business globally. The new funding will be used to boost the company’s manufacturing efforts to meet the rising demand and helps in the development of a company. The company’s global headquarters in Arizona is focusing on to increase funding, to fulfil the demand from mining companies in North and South America. The funding will be used in the development of streamlining manufacturing to achieve growth and maintain scale, said the company’s chief executive officer and co-founder Ran Krauss. He further added, our focus is on to deepening our mining industry in Australia and in the U.S. The company is looking forward to increasing manufacturing, to confine its efforts to the U.S., considering its constraints that the Airobotics has on its potential vendors and suppliers. The Airobotics became the first company in the world to have the license, to be granted authorization to fly fully automated drones without a pilot by the Civil Aviation Authority of Israel (CAAI). The new funding was led by Pavilion Capital, a Sino-U.S. based investment firm in New York. Some of the previous investors include Charles River Ventures and OurCrowd and Blue Run Ventures China added their funding as private investors. 

#Startup #Fundraising #Singapore

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