Raleigh, North Carolina-based PrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its recently announced $18 million Series C round. The round was announced last week and PrecisionHawk told PE Hub at the time that an additional investor would be announced soon. Other disclosed investors in the round include Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund. PrecisionHawk, which also has an office in Toronto, has now raised $30 million in total funding.
Photo of a drone equipped with a camera flying during the 4th Intergalactic Meeting of Phantom’s Pilots in an open secure area in the Bois de Boulogne, western Paris, March 16, 2014 courtesy of Reuters/Charles Platiau.