AirMap Obtains $15,000,000 Series A Financing

  • Feed Type
  • Date
    4/7/2016
  • Company Name
    AirMap
  • Mailing Address
    1700 East Walnut Avenue Santa Monica, CA 90245 USA
  • Company Description
    AirMap is helping make drones a part of everyday life by building the foundations for the low-altitude air navigation systems of the future. The emergence of small, powerful, and autonomous drones, is transforming society. Drones are being used for agriculture, public safety, aerial photography and cinematography, and soon, package delivery. The next century of aviation innovation is happening at the local level, not across oceans, and it’s happening below 500 feet. AirMap is organizing this low altitude information so innovation can take flight. AirMap works collaboratively with industry partners to create the future for drones. We focus exclusively on providing accurate, reliable and trustworthy airspace information so that others in our nascent industry can build amazing vehicles and applications. AirMap is a member of the Small UAV Coalition and the NASA Unmanned Traffic Management (UTM) program.
  • Website
    http://www.airmap.io
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    This new investment accelerates AirMap’s global development of an innovative suite of airspace management tools for drones.
  • M&A Terms
  • Venture Investor
    General Catalyst Partners
  • Venture Investor
    Lux Capital
  • Venture Investor
    Social Capital
  • Venture Investor
    TenOneTen Ventures
  • Venture Investor
    Bullpen Capital
  • Venture Investor
    Pritzker Group Venture Capital

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