A proposal from the North Carolina Department of Transportation and drone technology firm PrecisionHawk is one of 10 test projects that have federal government approval to proceed.
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PrecisionHawk’s whopping $75 million fund-raising news announced on Wednesday shows not only the growing international attention in the Raleigh-based startup but also the continuing growth of drone technology around the world. So what makes PrecisionHawk unique? Its CEO explains.
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PrecisionHawk raises $75 million in new capital – triple the total it had landed since launching in 2010 – and has plans to add personnel as well as make “strategic acquisitions.”
Read MoreWelcome to the 2017 Tweener list. 2016 was busy in the land of the Tweeners. Here are some highlights: Definition of Triangle Tweener Triangle Tweeners are companies based out of the Triangle with at least $1M in sales or 10 people. They generally are technology companies (mostly around software)...
Read MoreThere’s a new CEO in the (virtual) cockpit at Raleigh commercial drone startup PrecisionHawk, and he’s got a resume as impressive as the last man in charge. Michael Chasen co-founded Blackboard, the dotcom era startup that brought college curriculum and coursework online and was eventually sold for nearly $1.7 billion. He replaces Bob Young, the company’s longtime investor who took over as CEO and chairman from founder Christopher Dean in August 2015. Young is a founder of Red Hat, now with $2 billion in revenue, and Lulu.com, another Raleigh tech company. PrecisionHawk is one of the Triangle startup community’s rising stars,...
Read MoreThere’s a new CEO in the (virtual) cockpit at Raleigh commercial drone startup PrecisionHawk, and he’s got a resume as impressive as the last man in charge. Michael Chasen co-founded Blackboard, the dotcom era startup that brought college curriculum and coursework online and was eventually sold for nearly $1.7...
Read More2016 has come and gone, but numbers—specifically those showing venture capital deal flow and investment amounts—are still trickling in. TBD as to whether final figures will depict a year similar to 2015’s blockbuster fundings or something more akin to NC’s mediocre showing from 2011-2014. But if the most recent data from the National Venture Capital Association is an indicator, it looks like 2016 may fall somewhere in between. Top Five Tech Raises 1. Phononic 2016: $71 million Series E Total: $158.9 million One of two tech companies to make the top ten list of raises in 2016. See above for more...
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