Companies impatient to make drone deliveries a viable reality should have a win to celebrate soon. On Monday, Secretary of Transportation Elaine Chao announced in a “sneak preview” that her department would move forward with plans to remove waiver requirements for two key drone operation circumstances: flying after dark and flying over populated areas. “First, […]
View More New FAA proposal would let drones fly over people and at night without a waiverCategory: commercial drones
Failed drone startup Airware auctions assets, Delair buys teammates
Airware desperately sought cash for 18 months before running out of money and shutting down last month, leaving about 120 employees without jobs after the startup had burned $118 million in funding. Bandaid strategic investments from construction company Caterpillar and others kept Airware alive as it looked for a $15 million round, according to a […]
View More Failed drone startup Airware auctions assets, Delair buys teammatesDrone startup Airware crashes, will shut down after burning $118M
Drone operating system startup Airware today suddenly informed employees it will cease operations immediately despite having raised $118 million from top investors like Andreessen Horowitz, Google’s GV, and Kleiner Perkins. The startup ran out of money after trying to manufacture its own hardware that couldn’t compete with drone giants like China’s DJI. The company at […]
View More Drone startup Airware crashes, will shut down after burning $118M