Natilus, a manufacturer of large aircraft drones, has closed a second round of seed funding with investment from Starburst Ventures, Seraph Group, Gelt VC, Outpost Capital and Draper Associates.
The funds – the amount was not disclosed – will go toward what the company calls its “aggressive scaling strategy”, with the first Federal Aviation Administration-approved flight for its 30-foot prototype scheduled for late 2017, and a commercial market launch in 2020.
Just as the long-haul freight sector has made huge strides in efficiency gains and cost reduction due to technology innovation, Natilus says the $15.5 trillion global freight market is poised for disruption as it strives to offer customers more cost-effective delivery solutions beyond the decades-old vessels and aircraft which serve as its primary sources of transport. Continue reading Natilus raises new funds to launch pilotless freight aircraft
Drones are set to become a multi-billion dollar industry over the next few years, and with the likes of Amazon, Walmart and Google all developing UAV technology it seems the fight for the ‘drone crown’ is fully under way.
But what industries are already embracing drones and what stand out devices are they developing?
Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038.
These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.
The merger that shook food and retail stocks on Friday – Amazon’s proposed deal to buy Whole Foods Market – rattled some employees of the upscale grocery chain who expressed fears ranging from layoffs to the loss of their laid-back corporate culture.
The online retailer hopes the $13.7 billion acquisition helps it disrupt the grocery business and expand its real-world store footprint.
UPS says it has successfully tested a drone that launches from the top of a UPS package car, autonomously delivers a package to a home and then returns to the vehicle while the delivery driver continues along the route to make a separate delivery.
UPS conducted the test on Monday in Tampa, Florida with Workhorse Group, an Ohio-based battery-electric truck and drone developer. Workhorse built the drone and the electric UPS package car used in the test.
Mark Wallace, senior vice-president of global engineering and sustainability at UPS, says: “This test is different than anything we’ve done with drones so far. It has implications for future deliveries, especially in rural locations where our package cars often have to travel kilometres to make a single delivery.
It may once have been the preserve of the military, but drone technology is now an important tool for businesses throughout the UK. Companies in many different sectors are increasingly using Unmanned Aerial Vehicles (UAVs) to give them a commercial edge.
Who uses drones for commercial use?
Media agencies, for instance, are using drones to produce dynamic advertising footage, or to support news reporting, along with photographic agencies, which employ drones to provide stunning panoramic shots and pictures from previously inaccessible places. Continue reading Why it makes sense to insure your drone
Insurance and financial services giant Allianz is warning that exponential growth in the number of drones in the sky carries a wide range of risks
Whether used commercially for industrial inspections, aerial photography, border patrol, emergency deliveries and crop surveys or recreationally by millions, drones or unmanned aircraft systems (UAS) have the potential to become a multi-billion dollar business and deliver problem-solving technologies across numerous industries.
However, more drones in the skies also raise a number of new safety concerns, ranging from collisions and crashes to cyber-attacks and terrorism.