RALEIGH — Drone tech company PrecisionHawk is moving.

In news that was first reported by the Triangle Business Journal, the fast-growing company is getting ready to move out of its current offices on Six Forks Road and into bigger digs above Raleigh’s Milk Bar.

The move is expected to be complete by the end of August and supports the firm’s “deep-seated roots in the Raleigh area,” PrecisionHawk CEO Michael Chasen told WRAL TechWire today.

“Moving to the new location will place PrecisionHawk in the heart of downtown Raleigh and add our unique energy to the active heartbeat of Glenwood South. This move will support our goal to be a vibrant and active part of the Raleigh community,”Chasen said.

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Founded in 2010, the company was later rebranded under its current name, emerging as a leader in drones and emerging technology with applications in industries ranging from mining to agriculture.

In 2018, it raised a whopping $75 million and its workforce continues to grow.

“We anticipate hiring for an additional 50 roles within the next two months, with plans to increase our headcount to north of 350 by the end of 2019,” said Chasen.

As for fundraising, Chasen said “we’re always looking for additional capital.”

“Due to the vast nature of opportunities in the commercial drone space, we will continually look for ways to grow PrecisionHawk,” he said.

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