Thursday, April 7, 2016

Airmap Lands $15M

Santa Monica-based Airmap, which operates an airspace mapping service for drone manufacturers, has raised $15M in a funding round, the firm said today. The funding came from General Catalyst Partners, and also included Lux Capital, Social Capital, TenOneTen Ventures, Bullpen Capital and the Pritzker Group. AirMap is led by CEO Ben Marcus, a pilot and air instructor, and already has deals with drone manufacturers DJI and 3DRobotics to incorporate the company's information into their APIs. The company is make it possible for drones to automatically steer clear of restricted airspace for drones. More information »

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