San Francisco – January 18th, 2018:
Iris Automation, the leading provider of collision avoidance for commercial drones, today announced an $8 million Series A financing round to fund the development of crucial unlocking technologies for the autonomous flying robotics industry. Combining novel approaches in artificial intelligence (AI), computer vision, and sensor fusion, Iris Automation has built a situational awareness platform for drones and air taxis that will enable their widespread use in the near future without the risk of mid-air collisions or catastrophes. Bessemer Venture Partners led the round and Bee Partners participated, with Bessemer’s David Cowan (LinkedIn, Twitch) joining the company’s Board of Directors.
Autonomous flying robots have the potential to revolutionize industries such as farming, infrastructure, delivery, and human transportation; however, a lack of trust in the safety of autonomy by regulators around the world has held back the transformational power of these machines. To increase the level of safety and acceptability of autonomous UAVs or drones, they must be ...