Tracxn - Drones Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Drones - Aug 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on August 16, 2018.
Drones Feed Summary
4
Drones > Feed Summary
Drones are defined as any powered unmanned aerial heavier-than-air vehicle (manual or autonomous) and excludes
unmanned ground, undersea and surface vehicles.
• Inclusions: Includes manufacturers of consumer, commercial
and military, fixed-wing, rotor and tethered unmanned aerial
vehicles; providers of software for general operation and control,
navigation, autopilot, collision avoidance, fleet management,
airspace and flight path mapping; UAV-enabled service providers
such as drone/drone pilot marketplaces and rental platforms;
drone hardware parts, accessories and peripherals including spare
parts, payloads and sensors; drone detection and anti-drone
technologies including anti-drone geofencing companies.
• Exclusions: Excludes unmanned ground vehicles (military,
commercial and consumer RC toys), unmanned underwater
vehicles; online stores in multi-brand drone retail; drone resellers
and distributors; drone-focused online discussion and review
forums, and drone-focused social media platforms
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$1.9B
Funding
23
Mega
Companies
3622066
FundedCovered on
Tracxn
-
Unicorns
8
Soonicorns
9
Minicorns
22
IPO’d Cos
107
Late Stage Cos
19
3
Acquisitions
204
DeadPooled
43
Acquihired
Series A+ Cos
Airware
(2011, San Francisco, $71.9M)
Skydio
(2014, San Francisco, $70M)
PrecisionHawk
(2011, Raleigh, $105M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Drones
5
$75.1M - Series D
PrecisionHawk (2011, Raleigh, $105M)
$32.5M - Series C
Airobotics (2014, Petah Tikva, $42.5M)
$53M - Series D
3D Robotics (2009, Berkeley, $152M)
$29M - Series B
Echodyne (2014, Bellevue, $44M)
$42M - Series B
Skydio (2014, San Francisco, $70M)
$27.4M - Series B
Skycatch (2013, San Francisco, $48.8M)
$34M - Series B
Swift Navigation (2012, San Francisco, $47.6M)
$26M - Series B
AirMap (2014, Santa Monica, $43.6M)
$33M - Series C
Kespry (2013, Menlo Park, $61M)
$25M - Series C
DroneDeploy (2013, San Francisco, $56M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Drones > Feed Summary > Investment Trend Summary
Seed Draper Associates (#3), Founder Collective (#3), Social Capital (#3)
Series A/B
Airbus Ventures (#3), New Enterprise Associates (#3), Qualcomm
Ventures (#3)
Series C+
AirTree Ventures (#1), BlueRun Ventures (#1), Cisco Investments
(#1)
Incubators Y Combinator (#14), Techstars (#13), 500 Startups (#4)
Other Notable
Investors
Boeing (#3), Playground Global (#3), Autodesk (#2)
Debt Investors
Berlin Technologie Holding (#1), Idinvest Partners (#1), Trifecta
Capital (#1)
Most Active InvestorsRecent Investments
209
400
512
242
79
7
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 26 48 89 92 85 55
$84M
$146M
$258M
$366M
$486M
$424M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$1.4B
$200M
$117M
$65.6M
$32.2M
US
Europe
Israel
Canada
Japan
$ Funding

Summary of exit outlook in Drones
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
China Equity Group 1 EWATT Technology (2010, Diamond Bar, $20M)
Almi 1 Intuitive Aerial (2009, Linkoping)
GVW Group 1 Workhorse Group (2007, Cincinnati)
Kodiak Capital 1 Workhorse Group (2007, Cincinnati)
Seventure Partners 1 Parrot (1994, Paris)
Nov 2017 Aveillant Acq by Thales Group
Nov 2016 Prox Dynamics Acq by FLIR Systems for $134M
Jul 2008 Insitu Acq by Boeing
Drones > Feed Summary > Exit Outlook Summary
Boeing 1 Insitu (Jul 2008)
Thales Group 1 Aveillant (Nov 2017)
FLIR Systems 1 Prox Dynamics (Nov 2016, $134M)
Recent IPOs Top Acquisitions
Drone Volt Apr 2015
UAV manufacturer for professional uses
IPO MCap: $7.2M Current MCap: -
Valmie Jan 2015
Develops custom drone solutions - hardwar…
IPO MCap: - Current MCap: $1.4M
CybAero Jun 2013
Develops and manufactures unmanned helico…
IPO MCap: - Current MCap: -
Delta Drone Jun 2013
Quadcopters, plane UAVs and payload senso…
ParaZero Jun 2018
Develops parachute systems for unmanned a…
GEOSAT Aerospace & Technology
Aug 2016
Designs and develops unmanned aerial vehi…
DroneShield Jun 2016
Develops a drone detection security syste…

FACTSHEET
Overview
Companies 2066
Funded 362 Series A+ 107
Funding $1.9B Last 2 yrs $1.0B
Most Active Investors
Seed Draper Associates (3)
Series A/B Airbus Ventures (3)
Series C+ AirTree Ventures (1)
Others Boeing (3)
Incubators Y Combinator (14)
Top Cities
Bay Area 98 Cos $765M
Raleigh 2 Cos $104M
Feed in Numbers
Unicorns - Soonicorns 8
Minicorns 9 Editor Picks 95
Acquihired 43 Deadpooled 204
Top Companies
Swift Navigation (2012, San Francisco, $48M)
Sentera (2014, Minneapolis, $8.1M)
Exits
IPOs 22 DroneShield, Drone Volt
Acquisitions 3 Prox Dynamics, Aveillant
Top Acquirers Boeing, Thales Group
Marketmap: Drones
SERVICES
MULTI-INDUSTRY
AGRICULTURE*
DELIVERY*
INSPECTIONS & FILMING
COUNTER-DRONE SYSTEMS
SOFTWARE
DRONE AUTONOMY*
FLIGHT PLANNING*
DATA PROCESSING
& MANAGEMENT
HARDWARE
PLATFORMS
PARTS, PERIPHERALS
& ACCESSORIES
CONSUMER & COMMERCIAL
MILITARY
SENSORS & NAVIGATION
For any Feedback and Query reach out to MyAnalyst@tracxn.com
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
Drones > Feed Summary > BlueBox
7

Key Sub Sectors in Drones Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Hardware > Civilian >
Drone Platform 131 $241M 19
Hardware > Civilian >
Pure Play Hardware 660 $119M 34
Software > Ancillary Software >
Flight Planning 58 $84.4M 10
Services >
Precision Agriculture 43 $54.1M 12
Software > Enabling Software >
Autonomy 61 $56.3M 10
Services > Horizontal >
Proprietary Drones 127 $85.2M 8
Hardware > Hardware Parts & Peripherals
> Core Hardware >
Navigation Systems
39 $90.4M 6
Services >
Delivery 28 $61.9M 8
Hardware >
Military & Law Enforcement 131 $28.2M 9
Software > Ancillary Software >
Data Management 28 $25.6M 10
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Hardware
Companies that design and/or manufacture RTF
(ready-to-fly) or DIY (Do It Yourself) UAVs...
1107 181 $1B
Services
Companies that provide services using proprietary or
third-party drones
670 95 $499M
Software
Companies that develop software solutions for drone
control, autonomy, and administration,...
232 69 $267M
Counter-Drone Systems
Companies developing systems for detecting, and/or
disabling, intruding drones
55 16 $135M
Drones > Feed Summary > Summary of Key Markets

List of Notable Companies in Drones
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Drones > Feed Summary > Notable Companies in the Sector
Public
AeroVironment
(1971, Simi Valley)*
DroneShield
(2014, Herndon, $26.2M)
The IoT Group
(2015, Sydney)
Drone Volt
(2011, Villepinte)
Deveron UAS
(2011, Toronto)
Department 13
(2010, Columbia)
ParaZero
(2016, Tel Aviv)
Drone Delivery Canada
(2011, Vaughan)
EWATT Technology
(2010, Diamond Bar, $20M)
Workhorse Group
(2007, Cincinnati)
Public
FastOut
(2013, Stockholm)
GEOSAT Aerospace &
Technology
(2004, Tainan)
CybAero
(2003, Linkoping)
Delta Drone
(2011, Grenoble)
Drone Aviation Holding
Corp
(2009, Jacksonville)
Drone USA
(2015, New York City)
Elbit Systems
(1965, Shefayim)
Intuitive Aerial
(2009, Linkoping)
Mota
(1999, San Jose)
Public
Parrot
(1994, Paris)
UAS Drone Corp.
(2014, Los Angeles)
Valmie
(2014, Houston)
Acquired
Prox Dynamics
(2007, Oslo)

List of Notable Companies by Market in Drones
Notable Companies by Market (1/4)
11
Drones > Feed Summary > Notable Companies by Market
Hardware
Civilian
Develops both consumer and commercial drones &
autopilot systems
Soonicorn. Stage: Series D
Atlantic Bridge Capital, Foundry Group, Mayfield
and 16 Other Investors
Develops an autonomous consumer drone based on
a proprietary autonomy and obstacle avoidance
engine
Soonicorn. Stage: Series B
NVIDIA, Andreessen Horowitz, Playground Global
Autonomous drone and an image processing
platform
Avalon Ventures, Sherpalo Ventures, Walden
Riverwood Ventures and 17 Other Investors
Civilian
EWATT Technology (2010, Diamond Bar,
$20M)
Designs and manufactures unmanned aerial vehicle
and payloads for industrial and security purpose
Editor's Pick. Stage: Public
China Equity Group
The IoT Group (2015, Sydney)
Develops drones for consumer photography use
cases
Stage: Public
GEOSAT Aerospace & Technology (2004,
Tainan)
Designs and develops unmanned aerial vehicles and
related parts
Stage: Public
CybAero (2003, Linkoping)
Develops and manufactures unmanned helicopters
Stage: Public
AeroVironment
Civilian
Delta Drone (2011, Grenoble)
Quadcopters, plane UAVs and payload sensors
Stage: Public
Drone Aviation Holding Corp (2009,
Jacksonville)
Manufactures drones for aerial and land based
surveillance and communications solutions
Stage: Public
Drone Volt (2011, Villepinte)
Stage: Public
Intuitive Aerial (2009, Linkoping)
Manufactures drone hardware for high-quality
aerial filming
Stage: Public
Almi
Mota (1999, San Jose)
Wearables, Drones and 3D Printer manufaturing
Stage: Public

12
Hardware
Civilian
Parrot (1994, Paris)
Connected products like drones, gardening and car
kits for consumer
Stage: Public
IDG Capital, Bpifrance, Sofinnova Partners and 1
Other Investors
UAS Drone Corp. (2014, Los Angeles)
Manufactures drones for use in law enforcement
applications.
Stage: Public
Military & Law Enforcement
CyPhy Works (2008, Danvers, $37.1M)
Microfilament technology based secure multicopter
drones provider
Bessemer Venture Partners, Draper Nexus, General
Catalyst Partners and 7 Other Investors
AeroVironment (1971, Simi Valley)
Design, development and production of UAV and
EV charging systems
Stage: Public
Elbit Systems (1965, Shefayim)
Develops advanced, high-performance defense
electronic and electro-optic systems
Stage: Public
Prox Dynamics (2007, Oslo)
Micro-drones for reconnaissance
Stage: Acquired
Hardware Parts & Peripherals
Low cost, open source real time kinematics GPS
receivers
Forest Baskett, Greg Papadopoulos, First Round
Capital and 12 Other Investors
ParaZero (2016, Tel Aviv)
Develops parachute systems for unmanned aerial
vehicles
Stage: Public

13
Software
Ancillary Software
FastOut (2013, Stockholm)
Provides a platform for images taken by drones
Stage: Public
Services
Precision Agriculture
Deveron UAS (2011, Toronto)
Provider of aerial imagery services for crop
planning
Stage: Public
Delivery
Zipline (2014, San Francisco, $43M)
Delivery drones for medicine and vaccine delivery
Visionnaire Ventures, Sequoia Capital, Andreessen
Horowitz and 17 Other Investors
Drone Delivery Canada (2011, Vaughan)
Develops drones for delivery purposes and
provides drone services
Stage: Public
Workhorse Group (2007, Cincinnati)
Designs and produces electric powertrains
Stage: Public
Arosa Capital, Kodiak Capital, GVW Group

14
Services
Horizontal
PrecisionHawk(2011, Raleigh, $105M)
UAV, Remote Sensing and GIS Data solutions
Third Point Ventures, Intel Capital, Comcast
Ventures and 12 Other Investors
Airware (2011, San Francisco, $71.9M)
Develops an integrated platform for delivering
drone-based solutions to enterprise clients
Soonicorn. Stage: Series C
Caterpillar, Next World Capital, Andreessen
Horowitz and 19 Other Investors
Drone USA (2015, New York City)
Develops drones and provides turnkey drone
solutions
Stage: Public
Valmie (2014, Houston)
Develops custom drone solutions - hardware and
software - for clients.
Stage: Public
DroneShield (2014, Herndon, $26.2M)
Develops a drone detection security system
Minicorn. Stage: Public
Department 13 (2010, Columbia)
Builds wireless technology, including drone
detection systems
Stage: Public

List of Notable Companies in Drones in China
Notable Companies in the Sector in China
15
Drones > Feed Summary > Notable Companies in the Sector in China
Public
MJX
(1983, Shantou)
Unicorns
Dajiang Innovation
Technology
(2006, Shenzhen, $605M)
Soonicorns
Yuneec
(1999, Shanghai, $60M)
Ehang
(2014, Guangzhou, $52M)

Recent News in Drones Sector
Recent News
16
Aug 2018
Yuneec Introduces All-New Portable Folding Drone with Voice
Control and Facial Detection to Award Winning Consumer Lineup,
AIThority
Aug 2018 Elbit Systems Reports Second Quarter of 2018 Results, PR Newswire
Aug 2018
Global Consumer Drones Market 2018: Parrot, Walkera, Yuneec,
SymaToys, UDIRCToys, truthweek.com
Aug 2018 Software Update for Faster Drone Inspections, UAS VISION
Aug 2018
Clobotics adds $11 million from Nantian Infotech VC and Wangsu
Company to Series A, PE Hub
Aug 2018 Pierce Aerospace Receives USAF SBIR Award, Aero-News Network
Aug 2018
Workhorse Unveils New "Work Ahead" Positioning And Identity As
Part Of Full Brand Redesign, PR Newswire
Aug 2018 Insitu Gets Potential $232M Special Ops Order, UAS VISION
Aug 2018
Cape and the City of San Diego Mark Launch of First UAS IPP Drone
Deployment with Live Public Safety Demonstration, PRWeb
Aug 2018
SenSat, a UK startup that uses visual and spatial data to ‘simulate
reality’, picks up $4.5M seed, TechCrunch
Aug 2018
Global UAV Payload Market Overview 2018- Aerovironment,
Boeing, Elbit Systems, Lockheed Martin, Northrop grumman,
truthweek.com
Aug 2018
UgCS unveils new search pattern planning feature for unmanned
aircraft systems developed in partnership with Airborne Response,
Core Sector Communique
Key Recent News Key Recent News
Aug 2018
Insitu Gets Additional $232M SOCOM UAS ISR Task Order, GovCon
Wire
Aug 2018 Drones Deliver Hot Food in Iceland, Hospitality Tech
Aug 2018
Workhorse Group Announces Proposed Public Offering of its
Common Stock, PR Newswire
Aug 2018 Drone Startup FairFleet Raises Funding from HTGF, FinSMEs
Aug 2018
The Sky Guys Granted SFOC for Flight Testing of New DX-3
Vanguard, Newswire
Aug 2018
Sentera Leads Precision Ag Industry With Gimbaled Quad Sensor,
AIThority
Aug 2018
Elbit Systems Awarded $85 Million Contract to Supply EW Suites to
the Israeli Navy, PR Newswire
Aug 2018
Hoverfly Technologies Advances Steve Walters to President,
Newswire
Aug 2018
Enel and Raptor Maps to develop AI drone software for operations
and maintenance applications, PV Magazine
Aug 2018
Workhorse Group Reports Second Quarter 2018 Results, PR
Newswire
Aug 2018 Kansas company to acquire Agribotix assets, BizWest
Aug 2018 DJI releases a Spark drone with a bear face on it, TechCrunch
Aug 2018 AirMap UTM Deployed In Czech Republic, Aero-News Network
Aug 2018 The Israeli military has big plans for small drones, Tech in Asia
Drones > Feed Summary > Recent News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
17
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$3M
$20M
$84M
$146M
$258M
$366M
$486M
$424M
0
10
20
30
40
50
60
70
80
90
100
$0k
$100M
$200M
$300M
$400M
$500M
$600M
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in Drones; 2011-2018
Global Funding Trends (1/2)
19
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Drones > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 21% # of Rounds131% $ Funding
66% # of Rounds
49% $ Funding

3
12 20 35 67 46 44 21
1
3
6
12
18
41 37
28
3 1
4 5 4 6
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
4
55
Total # of Rounds
$2M
$6M
$18M $23M $46M $40M $31M $27M
$2M
$7M
$66M
$112M $144M
$277M
$355M
$249M
$8M $10M $68M $50M $100M $148M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$0K $0K
$30M
$46M
$118M
$97M
$264M
$220M
0
1
2
3
4
5
6
7
8
9
10
0
50000000
100000000
150000000
200000000
250000000
300000000
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
20
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Drones; 2011-2018
Drones > Investment Trends > Global Funding Trends
15
18
30
49
43
43
20 218
$0.9M
$1.8M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
0
50
100
150
200
250
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
- - 1 2 3 4 9 6 $0.9M $0.8M $2.4M $1.2M $1.8M $2.3M $3.1M $1.8M
$3M
$424M
Total $ Invested

Drones > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Drones
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 765M 106
Raleigh 104M 5
Santa Monica 62.6M 9
Waterloo 46.9M 3
Bellevue 44M 3
Petah Tikva 42.5M 2
Cambridge 40.2M 10
Danvers 37M 7
San Diego 33.3M 12
New York City 30.8M 8
Total Funding
188
94
16
14
6
19
6
3
# Rounds
$1.4B
$200M
$117M
$65.6M
$32.2M
$27.3M
$17.9M
$5M
US
Europe
Israel
Canada
Japan
India
Australia
South Korea
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6 $0.6
$1.0 $1.2 $1.0
$1.4
$1.1
2011 2012 2013 2014 2015 2016 2017
$1.5
$3.3
$6.0
$8.6
$10.7
$6.3 $5.9
$0.0 $0.0
$21.0
$17.5
$12.4 $13.7 $16.1
$0.0
$4.0
$0.0
$10.0
$22.6
$16.5
$33.2
Drones > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Drones; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$6.8K* $8.4M
$300K $45.9M
$910K $42M
$194K $75.1M
$13.8M
$15M
$5M
$616K
Series C+
Series B
Series A
Seed
Stage

Note: 193 companies with undisclosed funding amount are not included
23
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
60
79
47
4
2
No. of Companies
Drones > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Drones; as of Aug 2018
Distribution of companies by Funding Range
$18M
$320M
$1.1B
$259M
$257M
$ Investment

Stage No. of Companies
Funding
Funnel
100%
18%
5%
2%
1%
24
Note: Numbers in the brackets show the count of companies
Time to raise
next round
19
44
107
362
2066
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
18% 2%
(31)
1%
(23)
2%
(45)
10%
(204)
70%
(1455)
30% 7%
(24)
4%
(16)
6%
(21)
4%
(15)
60%
(219)
41% 10%
(11)
3%
(3)
6%
(6)
2%
(2)
51%
(55)
43% 23%
(10)
5%
(2)
11%
(5)
2%
(1)
43%
(19)
- 21%
(4)
5%
(1)
21%
(4)
- 21%
(4)
Drones > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Drones
Funding Funnel
14 Months
14 Months
16 Months
Investment backedBootstrapped
8
2
16
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Drones > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Drones; Aug 2016-Aug 2018
Notable Investments in last 24 months (1/4)
LATE STAGE
$75.1M - Series D Jan 2018
Third Point Ventures, Intel Capital, Comcast
Ventures, Syngenta Ventures, Pioneer, Constellation,
Millennium Technology Value Partners, Verizon
Ventures, Innovate Indiana Fund, NTT Docomo
Ventures, DuPont, USAA, Yamaha
$53M - Series D Apr 2017
autopilot systems
Atlantic Bridge Capital, Foundry Group, Mayfield,
Autodesk, True Ventures
$33M - Series C Dec 2017
Commercial drone systems
G2VP, Cisco Investments, Shell Global, Lightspeed
Venture Partners, DCM Ventures, s28 Capital, ABB,
H. Barton Asset Management
LATE STAGE
$32.5M - Series C Apr 2018
Designs and develops autonomous industrial drones
BlueRun Ventures, M12
$25M - Series C Jun 2018
Smart multiple drone management platform
Invenergy Future Fund, AirTree Ventures, Scale
Venture Partners, Uncork Capital, AngelPad,
Emergence Capital
$13.7M - Series D Oct 2017
PINC (2004, Alameda, $29.8M)
Yard and inventory management solutions for
logistics and manufacturing
$1.5M - Series C Sep 2016
$194k - Series D Jun 2018
LATE STAGE
Series C Feb 2017
Caterpillar

EARLY STAGE
$42M - Series B Feb 2018
engine
NVIDIA, Andreessen Horowitz, Playground Global,
Accel Partners
$34M - Series B Jun 2017
Low cost, open source real time kinematics GPS
receivers
Forest Baskett, Greg Papadopoulos, First Round
Capital, Eclipse
$29M - Series B May 2017
Metamaterials-Based Radar Technology
Madrona Venture Group, New Enterprise Associates,
Vulcan Capital, Lux Capital, The Kresge Foundation,
Bill Gates
EARLY STAGE
$27.4M - Series B Aug 2017
platform
Riverwood Ventures, Amino Capital, Bee Partners,
Autodesk, Entree Capital, KOMATSU
$26M - Series B Feb 2017
Mapping software for drone collision avoidance and
airspace information
Airbus Ventures, Qualcomm Ventures, General
Catalyst Partners, Lux Capital, Sony Innovation
Fund, Rakuten Capital, M12
$25M - Series B Nov 2016
Zipline (2014, San Francisco, $43M)
Visionnaire Ventures, Sequoia Capital, Andreessen
Horowitz, Subtraction Capital
EARLY STAGE
Ceres Imaging (2014, San Francisco, $35.5M)
Aerial spectral imagery to optimize water and
nitrogen in crops
Insight Venture Partners, Romulus Capital
$22M - Series B Sep 2017
Measure (2014, Washington D.C., $22M)
Offers drone-enabled data acquisition and analysis
services for multiple industries
PSP Partners
$20M - Series B Aug 2016
Scale Venture Partners, High Alpha

EARLY STAGE
Drone Racing League (2015, New York City,
$32M)
Organizes drone-racing league and manufactures
drone sports content
Sky, Liberty Media, Lux Capital, Wwe, Hearst, RSE
Ventures, Lerer Hippeau Ventures, CourtsideVC,
CRCM Venture, Allianz X
$20M - Series B Sep 2017
$20M)
China Equity Group
$20M - Series A Mar 2018
Airspace Systems (2015, San Francisco, $25M)
Develops a drone detection and disabling system
Singtel, s28 Capital, Shasta Ventures, Granite Hill
Capital Partners
EARLY STAGE
$14M - Series A Jan 2017
Neurala (2006, Cambridge, $16.2M)
Develops software for drone and robot autonomy
Pelion Venture Partners, Sherpa Capital, Motorola
Solutions, 360 Capital Partners, Draper Associates,
SK Ventures, BYU Cougar Capital, Electranova
Capital, Ecomobility Ventures, Idinvest Partners
$10M - Series A Jul 2018
Arbe Robotics (2015, Tel Aviv, $23M)
Develops a collision avoidance radar system for
autonomous cars, drones & robots
360 Capital Partners, Canaan Partners Israel,
IAngels, OurCrowd, O.G. Tech Ventures, Taya
Ventures, Maniv Mobility
$9M - Series A Nov 2017
OurCrowd, IAngels, Taya Ventures, O.G. Tech
Ventures, Canaan Partners Israel
EARLY STAGE
$8M - Series A Jan 2018
Iris Automation (2015, Vancouver, $10M)
Develops drone collision avoidance systems based
on computer vision
Bessemer Venture Partners, Bee Partners
$5.1M - Series B Jul 2018
CyPhy Works (2008, Danvers, $37.1M)
Microfilament technology based secure multicopter
drones provider
Series B Jan 2018
engine
IVP

SEED STAGE
$2.5M - Seed Apr 2017
IAngels, Taya Ventures, Canaan Partners Israel
$1.5M - Seed Jan 2017
Develops drone collision avoidance systems based
on computer vision
Bee Partners, Social Capital, GGV Capital, Liquid 2
Ventures, Paul Buchheit

Drones > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
EARLY STAGE
$22.5M - Series B Sep 2016
Zero UAV (2009, Beijing, $30.6M)
Designs & manufactures UAVs for high quality aerial
photography and autopilot systems
Qualcomm Ventures
$22.4M - Series B Sep 2016
Zerotech (2007, Beijing)
Develops drones for consumer and commercial
purposes
Qualcomm Ventures

Most Active Investors (VC, PE) by Stage in Drones; Last 5 years (Aug 2013-Aug 2018)
Most Active VC & PE Investors
30
Drones > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Draper Associates (3 Investments)
Neurala, Skyward, Natilus
1
SV Angel (3 Investments)
DroneBase, Lily Robotics, SkySafe
2
Founder Collective(3 Investments)
Shield AI, SkySafe, Hivemapper
3
Social Capital (3 Investments)
AirMap, Iris Automation, DroneSeed
4
Andreessen Horowitz (2 Investments)
Skydio, SkySafe
5
3one4 Capital (2 Investments)
Aarav Unmanned Systems, SwarmX
6
Data Collective(2 Investments)
DroneDeploy, Fortem Technologies
7
Homebrew(2 Investments)
Shield AI, Hivemapper
8
Lemnos (2 Investments)
Swift Navigation, Vires Aero
9
Commercial Drone Fund (2 Investments)
Redbird, Raptor Maps
10
EARLY STAGE
Qualcomm Ventures (3 Investments)
ideaForge, Flirtey, AirMap
1
New Enterprise Associates(3 Investments)
Swift Navigation, Echodyne, Cape
2
Sony Innovation Fund (3 Investments)
AirMap, Matternet, Verity Studios
3
Airbus Ventures (3 Investments)
AirMap, Verity Studios, uAvionix
4
Lux Capital (2 Investments)
CyPhy Works, Echodyne
5
Zipline, Shield AI
6
Accel Partners (2 Investments)
DroneBase, Propeller Aerobotics
7
General Catalyst Partners (2 Investments)
CyPhy Works, AirMap
8
Sequoia Capital (2 Investments)
Zipline, Propeller Aerobotics
9
GV (2 Investments)
Skycatch, Zipline
10
LATE STAGE
Intel Capital
PrecisionHawk
1
Qualcomm Ventures
3D Robotics
2
Verizon Ventures
PrecisionHawk
3
Mayfield
3D Robotics
4
M12
Airobotics
5
Comcast Ventures
PrecisionHawk
6
BlueRun Ventures
Airobotics
7
Cisco Investments
Kespry
8
AirTree Ventures
DroneDeploy
9
Third Point Ventures
PrecisionHawk
10

Drones > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Drones; Last 5 years (Aug 2013-Aug 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Y Combinator(14 Investments)
TerrAvion, Flirtey, DroneBase
1
Techstars(13 Investments)
SkySpecs, Zipline, Skyward
2
500 Startups(4 Investments)
Propeller Aerobotics, TraceAir, Gilmour Space Technologies
3
Comet Labs(4 Investments)
AirMap, Matternet, PreNav
4
Venture Kick(4 Investments)
Flyability, Gamaya, MotionPilot
5
Plug and Play Tech Center(3 Investments)
Matternet, Augmented Pixels, Pilot AI Labs
6
Starburst(3 Investments)
AirMap, DroneBase, Natilus
7
Start-Up Chile(3 Investments)
Archon Dronics, Aerial Power, HardDrones
8
Ben Franklin Technology Partners(2
Investments)
American Aerospace, Airnest
9
CIIE(2 Investments)
ideaForge, DeTect Technologies
10
OTHER NOTABLE INVESTORS
Boeing(3 Investments)
Matternet, Fortem Technologies, Kittyhawk.io
1
Playground Global(3 Investments)
Skydio, uAvionix, Nixie
2
Autodesk(2 Investments)
3D Robotics, Skycatch
3
Bpifrance(2 Investments)
UAVIA, Parrot
4
FundersClub(2 Investments)
TerrAvion, Vertical AI
5
Hearst(2 Investments)
Drone Racing League, DroneBase
6
i2E(2 Investments)
DII, Unmanned Cowboys
7
Mitsui & Co(2 Investments)
Sky-Futures, Cape
8
Motorola Solutions(2 Investments)
CyPhy Works, Neurala
9
NTT Docomo Ventures(2 Investments)
PrecisionHawk, PreNav
10
DEBT INVESTORS
Berlin Technologie Holding
Service-Drone
1
Idinvest Partners
Neurala
2
Trifecta Capital
ideaForge
3

Drones > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/2)

Drones > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/2)

Drones > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
35
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
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Jul 2018
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Jul 2018

FACTSHEET
Marketmap: Drones
37
Drones > Market Details > BlueBox

Key Sub Sectors
38
Key Sub Sectors in Drones
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Hardware
Companies that design and/or manufacture RTF (ready-to-fly) or DIY (Do It Yourself) UAVs
(Unmanned A....
Insitu (1994, White Salmon, Acquired)
1107 181 $1B
Services
Companies that provide services using proprietary or third-party drones
Redbird (2013, Paris, Acquired)
670 95 $499M
Software
Companies that develop software solutions for drone control, autonomy, and administration,
and drone....
MotionDSP (2005, Burlingame, Acquired)
232 69 $267M
Companies developing systems for detecting, and/or disabling, intruding drones
DroneShield (2014, Herndon, Public)
Dedrone (2014, Kassel, $27.9M)
55 16 $135M
Drones > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/4)
39
Drones > Market Details > Detailed Sector Taxonomy

40

41

42

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+1)
Hardware > Civilian > Drone Platform
Companies that build drone hardware and firmware, along with data management and processing
solutions
(Companies covered 131 | Funded 31 | Total Funding $432M)
$241M
(+$80.1M)
19
(-5)
3D Robotics
(2009, Berkeley, $152M)
2
(+1)
Hardware > Civilian > Pure Play Hardware
Companies that manufacture drones and provide drone firmware, but do not develop data
storage/processing/analysis software
$119M
(+$9.6M)
34
(-10)
Drone Racing League
(2015, New York City, $32M)
3
(+4)
Software > Ancillary Software > Flight Planning
Companies that build software solutions for flight planning, logging and regulatory compliance
$84.4M
(+$50.1M)
10
(-)
AirMap
(2014, Santa Monica, $43.6M)
4
(+4)
Services > Precision Agriculture
Companies that deliver field and crop monitoring services using proprietary or third-party drones
(Companies covered 43 | Funded 20 | Total Funding $72.2M)
$54.1M
(+$38.4M)
12
(-1)
Ceres Imaging
5
(+4)
Software > Enabling Software > Autonomy
Companies that develop autopilot software, chiefly computer vision-enabled collision avoidance, for
imparting autonomy to drones
(Companies covered 61 | Funded 21 | Total Funding $66.6M)
$56.3M
(+$47.4M)
10
(-6)
Neurala
(2006, Cambridge, $16.2M)
6
(-2)
Services > Horizontal > Proprietary Drones
Companies that utilize drones developed in-house to provide multiple services, such as aerial
photography, inspection and delivery
$85.2M
(-$36.7M)
8
(-21)
PrecisionHawk
(2011, Raleigh, $105M)
7
(-1)
Hardware > Hardware Parts & Peripherals > Core Hardware > Navigation
Systems
Companies that develop navigation modules and systems for drones, including GPS boards, ADS-B
systems, and on-board radar systems
$90.4M
(+$56.5M)
6
(-5)
Swift Navigation
43
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Drones in last 2 years (August 2016 - July 2018)
Drones > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Drones > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Hardware > Hardware Parts & Peripherals > Core Hardware > Navigation Systems
Companies that develop navigation modules and systems for drones, including GPS boards, ADS-B systems,
and on-board radar systems
(Companies created 39 | Funded 11 | Total Funding $124M )
2
uAvionix (2014, Palo Alto, $10M)
2
Software > Enabling Software > Autonomy
Companies that develop autopilot software, chiefly computer vision-enabled collision avoidance, for
imparting autonomy to drones
(Companies created 61 | Funded 21 | Total Funding $66.6M )
2
Shield AI (2015, San Diego, $13.1M)
3
Services > Delivery
Companies that provide drone-based package delivery services using proprietary or third-party drones
1 Zipline (2014, San Francisco, $43M)
4
Software > Ancillary Software > Data Management
Companies developing software platforms for storing and managing drone-acquired data
1 Propeller Aerobotics (2014, Eveleigh,
$14.2M)
5
Hardware > Civilian > Drone Platform
Companies that build drone hardware and firmware, along with data management and processing
solutions
(Companies created 131 | Funded 31 | Total Funding $432M )
1 Skydio (2014, San Francisco, $70M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
45
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (August 2016 - July 2018)
Drones > Market Details > Top Markets of Early Stage Investors

Incubators Techstars (#1), Innovacorp (#1)
Seed Andreessen Horowitz (#1), Accel Partners (#1)
Series A/B Foundry Group (#1), SK Ventures (#1)
Series C+ Autodesk (#1), SanDisk (#1)
Delta Drone Jun - 2013
IPO'd on EURONEXT
$1.5M - Seed
ARIX Technologies (2017, New
Orleans, $1.5M)
$32.5M - Series C
$42M - Series B
$2M - Seed
American Robotics (2012, Boston,
$3.1M)
$10M - Series C
$3M - Series A
SkySquirrel (2012, Inverness County,
$4.2M)
$18.8M - Series B
Autonomous Control Systems
Laboratory (2013, Chiba, $25.1M)
$8.8M - Series B
SkySpecs (2012, Ann Arbor, $13M)
Series B
$33M - Series C
Jan 2018
Drone Guarder, Inc. Announces App Launch On Google Play
and Funding Program, GlobeNewswire
Apr 2016 Drones : How to find the right place to invest, VentureBeat
May 2017
Draganfly Announces Expanded Solutions-Based Product
Line with Fixed-Wing Aircraft, Ground-Based Robot, and
Universal Control System, PRWeb
Sep 2016
Conan O'Brien turns Apple's own classic iPod commercial
against it, The Verge
Feb 2018
Leading Earthworks Contractor D&T Excavation Chooses
Kespry for Topographical Analysis, UAS WEEKLY
Nov 2017 Docomo invests in drone developer Prenav, Telecompaper
Nov 2015
Drone Collision-Avoidance Software Provider SkySpecs
Raises $3M - Unmanned Aerial, Unmanned Aerial
Oct 2017
Seiler Instrument chooses Microdrones mdMapper packages
to serve Midwest US, Financial News
Apr 2014
USC - Viterbi School of Engineering - Viterbi Awards Meets
The Academy Awards , USC
Nov 2017
3DR partners with Autodesk BIM 360 to integrate drone
operations platform, Construction Dive
Dec 2017
Pentagon Performance Selected to Provide ISR Services for
UN’s Congo Peacekeeping Mission, ExecutiveBiz
Dec 2012
Algal Scientific Takes Top Prize at Accelerate Michigan
Innovation Competition, Ann Arbor Spark
News
0
2
4
6
8
10
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
5
10
31
131
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Hardware > Civilian > Drone Platform: Market Factsheet
46
Exits
Recent Investments
YoY Funding and Rounds
Companies that build drone
hardware and firmware, along
with data management and
processing solutions
3D Robotics
(2009, Berkeley, $152M)
Skydio
Kespry
(2013, Menlo Park, $61M)
Skycatch
Airobotics
(2014, Petah Tikva, $42.5M)
Top Companies
#1 Top Markets of Investment Activity
Drones > Market Details > Market: Drone Platform
Companies Created 131 | Funded 31 | Total Funding $432M
Market: Drone Platform

Hardware > Civilian > Drone Platform: Top Companies
Analyst’s Pick
autopilot systems
Atlantic Bridge Capital, Foundry Group, Mayfield
engine
NVIDIA, Andreessen Horowitz, Playground Global
Commercial drone systems
Minicorn. Stage: Series C
G2VP, Cisco Investments, Shell Global and 7 Other
Investors
Analyst’s Pick
platform
Riverwood Ventures and 17 Other Investors
Designs and develops autonomous industrial
drones
Editor's Pick. Stage: Series C
BlueRun Ventures, M12, Microsoft Ventures,
Wolfpack Ventures
PreNav (2014, San Carlos, $7.7M)
Near-ground autonomy for drones
Editor's Pick. Stage: Series A
NTT Docomo Ventures, Crosslink Capital, Liquid 2
Ventures and 16 Other Investors
American Robotics (2012, Boston, $3.1M)
Drone based monitoring and mapping for
agriculture
Editor's Pick. Stage: Seed
Brain Robotics Capital, USC
Analyst’s Pick
ARIX Technologies (2017, New Orleans,
$1.5M)
Corrosion-detection drones and a data analytics
platform
Stanley Ventures
Aerovinci (2015, The Hague, $321k)
Develops autonomous drones and drone base
stations
UNIIQ
Caspian Robotics (2015, Berlin)
Autonomous aerial inspection drones
Orby (2018, Mountain View)
Indoor drones for the retail sector
Editor's Pick. Stage: Unfunded
Unmanned (2015, London)
Develops autonomous drones for the logistics and
surveillance sectors

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
48
Hardware > Civilian > Drone Platform: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 3D Robotics 2009 Berkeley Series D $152M - 4 - - 15 136k 134k 466k 1.7k 16k 13% 78 5% -283 -
5.0 Bitcraze 2011 Malmo Unfunded - - 4 - - 1 326k 843 30k 86 49k 18% 4 4% 37 5%
4.9 TobyRich 2012 Bremen Unfunded - - 3 - - 1 3.8M 468 10k 113 2M 67% 32 38% -20 -4%
4.9 ByRobot 2011 Suwon-si Unfunded - - 4 - - - 2.3M - 42k 525 763k 52% 100 23% - -
4.8 MicroDrones 2012 Siegen Unfunded - - 4 - - 11 162k - 450 15 -371k -70% 5 50% - -
4.8 Airobotics 2014 Petah Tikva Series C $42.5M - - - 4 7 634k 4.2k - - -3.8M -86% - - 2.1k 99%
4.8 Flone 2013 Barcelona Unfunded - - 4 - - - 7.1M - 11k 61 -836k -11% 2 3% - -
4.7 Garuda 2013 Singapore Funded - - 4 - - - 3.4M 1 300 2 2M 46% - - - -
4.7 Kespry 2013 Menlo Park Series C $61M - - - - 18 648k 4.5k - - 70k 11% - - 135 3%
4.6
ARIX
Technologies
2017
New
Orleans
Seed $1.5M - - - 4 - 10M - - - 4M 35% - - - -
4.6 Skycatch 2013
San
Francisco
Series B $48.8M - - - - 3 502k 7.7k - - 26k 6% - - 67 1%
4.6
SkyAgro
Solutions
2015
Buenos
Aires
Unfunded - - - - 3 - - 120 - - - - - - 7 5%
4.5 SkySpecs 2012 Ann Arbor Series B $13M - - - - 15 2.8M 1.1k - - 235k 9% - - 100 10%
4.5 Skydio 2014
San
Francisco
Series B $70M - - - - 6 377k 4.2k - - -954k -72% - - 2.9k 216%
4.4 KDC 2016 Daejeon Unfunded - - 5 4 4 - 10M - 75 1 -904k -5% - - - -

Incubators Y Combinator (#3), Techstars (#2)
Seed Seraph Group (#2), SV Angel (#1)
Series A/B Liberty Media (#1), Wwe (#1)
Series C+ Horizon Ventures (#1)
GEOSAT Aerospace &
Technology Aug - 2016
IPO'd on TPE
Drone Volt Apr - 2015
IPO'd on EURONEXT
CybAero Jun - 2013
IPO'd on STO
Parrot Jun - 2006
IPO'd
The IoT Group
IPO'd on ASX
Series A
Atmos UAV (2013, Delft)
Seed
Fotokite (2014, Zurich)
$7.9M - Series A
Vantage Robotics (2013, San
Francisco, $9.6M)
$120k - Seed
SICdrone (2015, San Diego, $120k)
$385k - Seed
Aarav Unmanned Systems (2013,
Bangalore, $748k)
$5M - Series C
Bye Aerospace (2007, Englewood,
$7.6M)
Feb 2018
Applied Aeronautics Doubles Production Capacity, UAS
VISION
Jan 2017
Vinod Paul joins Align as Chief Operating Officer, Business
Wire
Dec 2017
Drone Aviation Appointments Lieutenant General, US Army
(Retired), John E. Miller and Government IT Executive, Tim
Hoechst, to Board of Directors, GlobeNewswire
Aug 2017
Atlas Dynamics to Launch Autonomous Professional Drone
System with 55-Minute Flight Time at InterDrone 2017, PR
Newswire
Oct 2017
Wingtra Partners with Kentucky-based Precision Capture to
Offer VTOL Drone, The American Surveyor
Oct 2017 NASA funds D8 Airliner concept development, Financial News
Jan 2018
This Diversity-Driven Startup Is Building Drones To Stop
Gun Violence, Moguldom
Jan 2018 Israeli Aerospace Company AP-G Raises $3 Million, CTech
Jun 2018
Black Swift Technologies Awarded NASA Contract, Aero-News
Network
May 2016
The Surprising Place Where Startups Are Creating the Far-
out Future, Inc.
Nov 2017
Bye Aerospace appoints Chad Asarch vice chair of board of
directors, InnovatioNews
Oct 2017
Alpha Unmanned Systems Announces partnership with
Planck Aerosystems - UASweekly.com, UAS WEEKLY
Jan 2017
How AeroTerrascan plans to skyrocket Indonesia’s aviation
and aerospace dream, E27
News
0
5
10
15
20
$0k
$20M
$40M
$60M
$80M
$100M
2014 2015 2016 2017 2018
YoY Funding Rounds
10
11
27
93
660
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Hardware > Civilian > Pure Play Hardware: Market Factsheet
49
Exits
Recent Investments
Companies that manufacture
drones and provide drone
firmware, but do not develop data
storage/processing/analysis
software
Drone Racing League
(2015, New York City, $32M)
PINC
(2004, Alameda, $29.8M)
Pulse Aerospace
(2011, Lawrence, $21.2M)
EWATT Technology
(2010, Diamond Bar, $20M)
Sunlight Photonics
(2007, Edison, $11M)
Top Companies
Drones > Market Details > Market: Pure Play Hardware
Market: Pure Play Hardware

Hardware > Civilian > Pure Play Hardware: Top Companies
Market: Pure Play Hardware (1/2)
Analyst’s Pick
PINC (2004, Alameda, $29.8M)
Yard and inventory management solutions for
logistics and manufacturing
Minicorn. Stage: Series D
Sutter Hill Ventures, Horizon Ventures, PointGuard
Ventures
$20M)
Editor's Pick. Stage: Public
China Equity Group
Sunlight Photonics (2007, Edison, $11M)
Designs and builds solar-powered UAVs
Morgenthaler, Venearth Group
Wingtra (2015, Zurich, $10M)
Developer of drones for inspection primarily in
agriculture
Analyst’s Pick
Bye Aerospace (2007, Englewood, $7.6M)
Solar-electric powered UAV for surveying &
mapping
Editor's Pick. Stage: Series C
Ashanti Capital
Sunflower Labs (2016, Palo Alto, $5.6M)
Develops a home security system using smart
lighting and drones
General Catalyst Partners, Stanley Ventures
Nixie (2014, Mountain View, $5M)
Wearable camera that transforms into a drone
Editor's Pick. Stage: Funded
Intel, Playground Global, Redpoint Ventures and 3
Other Investors
Aarav Unmanned Systems (2013, Bangalore,
$748k)
Quadrotor drone system for various purposes
GrowX Venture Management, 500 Startups,
BELLWETHER and 9 Other Investors
Analyst’s Pick
SICdrone (2015, San Diego, $120k)
Designs a tiltrotor drone for multiple purposes
Techstars
Aerovel (2016, White Salmon)
Fixed-wing VTOL drone for marine and terrestrial
applications
AirspaceX (2011, Detroit)
VTOL vehicle design and manufacturing company
6Degrees Ventures
Airwood (2018)
DIY wooden micro-drones for consumer purposes
Black Swift Technologies (2011, Boulder)
UAVs for commercial applications
Bluejay Eindhoven (2015, Eindhoven)
Develops an autonomous drone for domestic
assistance

Hardware > Civilian > Pure Play Hardware: Top Companies
Market: Pure Play Hardware (2/2)
Analyst’s Pick
Cleandrone (2015, Valldoreix)
Develops autonomous drones for thermal imaging
and cleaning of solar panels and glass surface
Digital Aerolus (2016, Kansas City)
Develops unmanned aerial vehicle using
proprietary flight controller
Globe UAV (2016, Delbruck)
Developer of UAVs and related hardware
peripherals for commercial applications
Natilus (2015, San Jose)
Develops a large unmanned aerial vehicle for cargo
transport
Starburst, Seraph Group, Gelt Venture Capital and 2
Other Investors
qAIRa (2015, Lima)
Develops a drone for monitoring air quality
Analyst’s Pick
Riderless Aerotechnology (2015, Vancouver)
Develops a portable drone for search and rescue
operations
SKEYETECH (2014, Bordeaux)
Quadcopter drone for civilian applications
Aquiti Gestion
Sky Tronic (2016, Wroclaw)
UAVs equipped with proprietary logic controllers
for SAR operations
Tetra Drones (2017, Lincoln)
Submersible unmanned aerial vehicle
Unmanned Aeronautics (2015, Johnstown)
Develops fixed-wing unmanned aerial vehicles
Unmanned Systems Technology
International (2013, Garza Garcia)
Designs and develops unmanned aerial vehicles
Analyst’s Pick
Vimana Global (2015, Palo Alto)
Develops an unmanned autonomous vehicle for air
taxi use, and builds a drone for industrial
applications
Vortec UAV (2015, Auckland)
Manufactures high-stability multicopters for filming
applications
WINGSLAND (2014, City Of Industry)
Manufactures UAVs for commercial and
recreational purposes

52
Hardware > Civilian > Pure Play Hardware: Leaderboard
Market: Pure Play Hardware
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Autel Robotics 2014 Bothell Unfunded - - 5 - - 1 212k 6.5k 30k 446 29k 16% 39 10% 221 4%
5.0 Sky Viper 2013 Los Angeles Unfunded - - 4 3 3 - 1.2M 491 60k 96 533k 93% 55 123% 14 3%
5.0 Align 1997 Taichung Unfunded - - 4 - - 1 343k 536 20k 292 162k 88% 4 1% 16 3%
5.0 PowerUp Toys 2011
Pardes
Hanna
Unfunded - - 4 - - 3 500k 2.1k 303k 1.1k 40k 8% 65 7% 33 2%
5.0 TTRobotix 1979 Taichung Unfunded - - 5 - - - 3.1M 287 600 4 3M 195% 1 33% 18 7%
5.0 Flybrix 2015
San
Francisco
Funded - - 4 - - 2 1.4M 7k 3k 26 266k 25% 6 30% -571 -8%
5.0 Protocol
New York
City
Unfunded - - 3 3 2 - 2.9M 79 183k 382 2M 226% 78 25% 11 15%
4.9 Kaiser Baas 2006 Melbourne Acquired - - 3 - - 7 1.2M 800 58k 228 198k 22% 53 30% -64 -7%
4.9 Parrot 1994 Paris Public - - 4 - - 36 33k 86k 5.1M 45.9k 8k 28% 3.6k 8% -1987 -2%
4.9 AirSelfie 2016 London Unfunded - - 4 - - 6 599k 1.9k 8k 60 29k 5% 6 11% -25 -1%
4.9 SkyDrones 2008
Porto
Alegre
Unfunded - - 4 - - - 2.3M 65 3k 28 -7.7M -77% 13 87% 2 2%
4.9
Freefly
Systems
2011
Woodinvill
e
Unfunded - - 5 - - 4 119k 28k 21k 110 -2k -1% 8 8% -346 -1%
4.9 Fotokite 2014 Zurich Seed - - 4 - - 2 2.6M 913 300 2 195k 8% - - 10 1%
4.9 Drone n Base 2015 Bratislava Unfunded - - 4 - - - 7M 209 750 16 4M 82% 1 7% -11 -5%

Incubators High Alpha (#1), AngelPad (#1)
Seed Data Collective (#1), Redpoint Ventures (#1)
Series A/B Scale Venture Partners (#1), Emergence Capital (#1)
Series C+ Invenergy Future Fund (#1), AirTree Ventures (#1)
None
$25M - Series C
DroneDeploy (2013, San Francisco,
$56M)
$4.9M - Series A
DroneSense (2015, Austin, $4.9M)
$3.4M - Series A
Juniper Unmanned (2014, Golden,
$4.1M)
$4.5M - Series A
Altitude Angel (2014, Reading, $4.5M)
$410k - Seed
$4.1M)
$231k - Seed
$4.1M)
Seed
FlyNex (2015, Hamburg)
$26M - Series B
Series A
Blue Innovation (2012, Chiyoda-ku)
Dec 2017
AirMap Partners with Airways New Zealand to Trial the
Country's First Drone Traffic Management System, PR
Newswire
Dec 2016
AirMap, DigiCert to issue digital certificates for drones,
PCWorld
Jul 2017
Skyward aims to be the Verizon of drone services |
FierceWireless, Fierce Wireless
Nov 2017
DroneDeploy app from Optelos makes delivery of drone data
seamless, Geospatial Media and Communications
May 2017
DroneDeploy Partners with DJI to Bring Complete Drone
Mapping Solution to Construction, RoboticsTomorrow
Jul 2015 AirMap Raises $2.6M in Funding |FinSMEs, FinSMEs
Nov 2016
Antwerp-based Unifly raises €5 million to become a global
leader with its drone traffic management software, EU-
Startups
Apr 2017 DroneDeploy Announces John Deere API, PrecisionAg
Jul 2017
DroneDeploy Partners with SLANTRANGE and Sentera to
Provide Accurate Crop Health Analysis Using Near-Infrared
and Multispectral Sensors, Marketwired
Oct 2016
The former chief of the U.K.’s air-traffic control is moving to
a U.S. drone startup, Recode
Jul 2015
Ben Franklin Technology Partners Invests $1.7 Million in PA
Startups, Ben Franklin Technology Partners
Jun 2018
Juniper Unmanned Named 2018 Colorado Company to
Watch, The American Surveyor
News
0
1
2
3
4
5
$0k
$5M
$10M
$15M
$20M
$25M
$30M
$35M
$40M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
2
6
11
58
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Software > Ancillary Software > Flight Planning: Market Factsheet
53
Exits
Recent Investments
Companies that build software
solutions for flight planning,
logging and regulatory compliance
DroneDeploy
AirMap
(2014, Santa Monica, $43.6M)
Skyward
(2012, Portland, $5.6M)
DroneSense
(2015, Austin, $4.9M)
Altitude Angel
(2014, Reading, $4.5M)
Top Companies
Drones > Market Details > Market: Flight Planning
Market: Flight Planning

Software > Ancillary Software > Flight Planning: Top Companies
Analyst’s Pick
Minicorn. Stage: Series C
Invenergy Future Fund, AirTree Ventures, Scale
Venture Partners and 9 Other Investors
NVdrones (2014, Pasadena, $75k)
Universal UAV app development and distribution
platform
Fly Flock (2015, London)
Big data analysis for drone flight safety
London Co-Investment Fund, Downing Ventures
Hionos (2015, Paris)
Flight logging and autopilot solutions for drones

55
Software > Ancillary Software > Flight Planning: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 DroneDeploy 2013
San
Francisco
Series C $56M - 4 - - 26 68k 26k 300k 1.1k -20k -23% 159 17% 2.2k 9%
4.9 AirMap 2014
Santa
Monica
Series B $43.6M - 4 - - 20 220k 5.3k 300k 1.3k -79k -27% 438 57% 674 15%
4.8 Litchi 2015 London Unfunded - - 4 4 3 - 199k 1.1k 408k 5.8k -11k -5% 624 12% 142 16%
4.7 Altitude Angel 2014 Reading Series A $4.5M - 3 - - 5 1.3M 843 36k 143 -147k -10% 33 30% 118 16%
4.6 DroneLogbook 2015 Carouge Unfunded - - 3 - - - 893k 2.5k 3k 36 21k 2% 4 13% 183 8%
4.5 MAIA 2016 Prague Unfunded - - 3 2 5 - 10M - 3k 79 912k 6% 9 12% - -
4.4 4Fly 2016 Leon Unfunded - - 4 - 3 - 10M - 300 53 - - 6 12% - -
4.3 Hover 2014
San
Francisco
Unfunded - - 3 - - - 2.5M - 75k 660 -2.9M -55% 110 20% - -
4.2 SafetyDrone 2015 Carouge Unfunded - - - - 3 - - 160 - - - - - - 49 44%
4.1 Skyward 2012 Portland Acquired $5.6M - - - - 3 362k 6.4k - - -112k -24% - - 308 5%
4.0
Blue
Innovation
2012 Chiyoda-ku Series A - - - - 3 - 1.2M - - - 216k 16% - - - -
3.9
Juniper
Unmanned
2014 Golden Series A $4.1M - - - - 2 8.7M 717 - - 3M 40% - - 42 6%
3.8 NVdrones 2014 Pasadena Seed $75k - - - - - 3.4M 1.1k - - 664k 25% - - 18 2%
3.7 DroneSense 2015 Austin Series A $4.9M - - - - 1 5.7M 67 - - -3.2M -36% - - 15 28%

Drones > Market Details > Market: Precision Agriculture
Companies Created 43 | Funded 20 | Total Funding $72.2M
Market: Precision Agriculture

Drones > Market Details > Market: Autonomy
Market: Autonomy

Market: Autonomy

Drones > Market Details > Market: Proprietary Drones
Market: Proprietary Drones

Drones > Market Details > Market: Navigation Systems
Market: Navigation Systems

Drones > Market Details > Market: Delivery
Market: Delivery

Market: Delivery

Drones > Market Details > Market: Military & Law Enforcement
Market: Military & Law Enforcement

Drones > Market Details > Market: Data Management
Market: Data Management

Drones > Market Details > Market: Counter-Drone Systems
Market: Counter-Drone Systems

Drones > Market Details > Market: Fleet Management
Market: Fleet Management

Drones > Market Details > Market: Operating System
Market: Operating System

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
86
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/3)
88
Performance indicators of public companies in Drones
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2018
ParaZero (2016, Tel Aviv)
Develops parachute systems for unmanned aerial vehicles
$3.7M PRZ
Aug 2016
GEOSAT Aerospace & Technology (2004, Tainan)
Designs and develops unmanned aerial vehicles and related parts
TPE:8495
Jun 2016
DroneShield (2014, Herndon)
Develops a drone detection security system
$20.1M $64.9k ASX:DRO
Apr 2015
Drone Volt (2011, Villepinte)
$7.2M
EURONEXT:MLD
RV
Jan 2015
Valmie (2014, Houston)
Develops custom drone solutions - hardware and software - for
clients.
$1.4M VMRI
Jun 2013
CybAero (2003, Linkoping)
Develops and manufactures unmanned helicopters
$324k CBA
Jun 2013
Delta Drone (2011, Grenoble)
Quadcopters, plane UAVs and payload sensors
$1.4M
EURONEXT:ALD
R
Aug 2012
Deveron UAS (2011, Toronto)
Provider of aerial imagery services for crop planning
$4.1M $32.8k CNSX:DVR
Apr 2012
Department 13 (2010, Columbia)
Builds wireless technology, including drone detection systems
$4M $846k ASX:D13
Drones > Exit Outlook > Public Companies

89
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2011
Drone Delivery Canada (2011, Vaughan)
Develops drones for delivery purposes and provides drone services
$2.1M CNSX:FLT
Jun 2010
Workhorse Group (2007, Cincinnati)
Designs and produces electric powertrains
$115M $6.4M NASDAQ:WKHS
Jan 2007
AeroVironment (1971, Simi Valley)
Design, development and production of UAV and EV charging
systems
$1.3B $309M $265M 38.34 NASDAQ:AVAV
Jun 2006
Parrot (1994, Paris)
Connected products like drones, gardening and car kits for consumer
$198M PARRO
Nov 1996
Elbit Systems (1965, Shefayim)
Develops advanced, high-performance defense electronic and
electro-optic systems
$4.8B $3.3B 22.71 NASDAQ:ESLT
Mota (1999, San Jose)
Wearables, Drones and 3D Printer manufaturing
$21.6M NASDAQ:MOTA
The IoT Group (2015, Sydney)
Develops drones for consumer photography use cases
$15M ASX:IOT
EWATT Technology (2010, Diamond Bar)
Designs and manufactures unmanned aerial vehicle and payloads for
industrial and security purpose
MJX (1983, Shantou)
Develops drones for consumer applications

90
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Drone Aviation Holding Corp (2009, Jacksonville)
Manufactures drones for aerial and land based surveillance and
communications solutions
Drone USA (2015, New York City)
Develops drones and provides turnkey drone solutions
Intuitive Aerial (2009, Linkoping)
Manufactures drone hardware for high-quality aerial filming
$1.1M STO:INTU
FastOut (2013, Stockholm)
Provides a platform for images taken by drones
UAS Drone Corp. (2014, Los Angeles)
Manufactures drones for use in law enforcement applications.

Notable Acquisitions
91
Notable Acquisitions in Drones
Drones > Exit Outlook > Notable Acquisitions
2017
Acquirer: Thales Group
Aveillant (2011, Cambridge, $22.9M)
Designs and builds radar systems for aircraft and
drone detection
2016
Acquirer: FLIR Systems Deal: $134M
Prox Dynamics (2007, Oslo)
Micro-drones for reconnaissance
Before 2008
Acquirer: Boeing
Insitu (1994, White Salmon, $21.3M)
Manufactures customized unmanned systems and
develops information processing software solutions

Most Active Acquirers
92
Drones > Exit Outlook > Most Active Acquirers

Date Target
Oct-15 Aetos Group Acq by MISTRAS Group
Sep-15
Theiss UAV Solutions Acq by Lauren
International
Jul-15
Draganfly Acq by TRACE Intelligent
Systems
Feb-15 KMel Robotics Acq by Qualcomm
Jan-15 Vertitek Acq by Valmie
Apr-14 AgPixel Acq by RoboFlight
Apr-14 Aerial Precision Ag Acq by RoboFlight
Mar-14 Titan Aerospace Acq by Google
Feb-14 Aibotix Acq by Hexagon
Dec-12
Aurora Integrated Systems Acq by Tata
Advanced Systems
Jul-12 SenseFly Acq by Parrot
Apr-12
Kratos Unmanned Systems Division Acq
by Kratos Defense and Security
Solutions
Apr-12 Gatewing Acq by Trimble Navigation
Acqui-hires (1/2)
93
List of Acqui-hires in Drones
Excludes all details for Chinese companies
Date Target
Aug-18 Agribotix Acq by AgEagle
Jul-18
Latitude Engineering Acq by L3
Technologies
May-18 Mavrx Acq by Taranis
May-18 UAS Europe AB Acq by Robot Aviation
Mar-18 AgEagle Acq by EnerJex
Feb-18 MotionDSP Acq by Cubic
Feb-18 Kaiser Baas Acq by Exeed
Feb-18 Droners.io Acq by PrecisionHawk
Dec-17 Ventus Wind Acq by PETROBANGLA
Nov-17 Aurora Acq by Boeing
Sep-17 Lumenier Acq by Pfingsten Partners
Sep-17 Aerialtronics Acq by Drone Volt
Jun-17 Kelvin Hughes Acq by HENSOLDT
May-17 Ctrl Me Robotics Acq by Snapchat
Date Target
Feb-17 Skyward Acq by Verizon
Nov-16
Vantage Vertical Acq by The Falcon
Group
Nov-16
Autoflight Logic Acq by Hangar
Technology
Nov-16 MAVinci Acq by Intel
Oct-16 Erle Robotics Acq by Acutronic Robotics
Sep-16 Redbird Acq by Airware
Jun-16 Little Smart Things Acq by Sky-Watch
Apr-16 Aerial MOB Acq by 5D Robotics
Jan-16
Aerial Photography Specialists Acq by
Applus
Jan-16
Pulsed Light Acq by Garmin
International
Jan-16 Ascending Technologies Acq by Intel
Dec-15 Skybotix Acq by GoPro
Nov-15 Fly-n-Sense Acq by Delta Drone
Nov-15 Indela Acq by ADCOM Systems
Drones > Exit Outlook > Acqui-hires

Acqui-hires (2/2)
94
List of Acqui-hires in Drones
Excludes all details for Chinese companies
Date Target
Jun-11 Moog Crossbow Acq by Moog
May-09 Cloud Cap Tech Acq by myGoodhealth
Drones > Exit Outlook > Acqui-hires
View all 43 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
95
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Drones > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Drones; Last 5 years (Aug 2013 - Jul 2018)
Index of Most Active VC & PE Investors
SEED STAGE
SV Angel (3 Investments)
Draper Associates (3 Investments)
Social Capital (3 Investments)
Founder Collective (3 Investments)
Data Collective (2 Investments)
Homebrew (2 Investments)
Lemnos (2 Investments)
TenOneTen (2 Investments)
Commercial Drone Fund (2 Investments)
Liquid 2 Ventures (2 Investments)
VTF Capital (2 Investments)
QueensBridge Venture Partners (2
Investments)
Seraph Group (2 Investments)
3one4 Capital (2 Investments)
EARLY STAGE
Qualcomm Ventures (3 Investments)
Sony Innovation Fund (3 Investments)
New Enterprise Associates (3 Investments)
Airbus Ventures (3 Investments)
Accel Partners (2 Investments)
Lux Capital (2 Investments)
Sequoia Capital (2 Investments)
General Catalyst Partners (2 Investments)
s28 Capital (2 Investments)
Madrona Venture Group (2 Investments)
Eclipse (2 Investments)
SK Ventures (2 Investments)
Menlo Ventures (2 Investments)
GV (2 Investments)
LATE STAGE
Qualcomm Ventures
Intel Capital
Mayfield
Verizon Ventures
Comcast Ventures
Syngenta Ventures
Third Point Ventures
M12
Cisco Investments
BlueRun Ventures
Next World Capital
AirTree Ventures
Invenergy Future Fund
Yamaha Motor Ventures & Laboratory
Silicon Valley
Enlightenment Capital

SV Angel
98
Portfolio in Drones | Exits | Funds Link | Website | LinkedIn | Twitter
Drones > Investors > SV Angel
People
Investments
[Soonicorn] Zipline (2014, San Francisco, $43M, Series B)
Drones Notable Portfolio
[Unicorn] Snapchat (2011, Los Angeles, $2.6B, Public)
Multimedia messaging application
[Unicorn] Pinterest (2009, San Francisco, $1.5B, Series G)
Visual social bookmarking service
[Unicorn] Instacart (2012, San Francisco, $1B, Series E)
Marketplace for same-day grocery delivery
[Unicorn] Opendoor (2014, San Francisco, $646M, Series E)
Residential re-selling solution provider.
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Stripe (2010, San Francisco, $511M, Series D)
Web & Mobile Payments for Developers
[Unicorn] Kabbage (2009, Atlanta, $491M, Series F)
Working capital financing for small businesses.
[Unicorn] TransferWise (2010, London, $397M, Series E)
International money transmitter based on currency swaps
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Warby Parker (2010, New York City, $300M, Series E)
Internet-first brand of eyewear
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Casper (2014, New York City, $240M, Series C)
Online direct-to-consumer mattress brand
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Ron Conway
Founder & Co-
Managing Partner
Geographical Spread Stage of Entry
Apr 2018
Zipline Launches a World-Class Commercial Drone in the
21st Century, Tech In Africa
Apr 2018
Fastest Drone Delivery Service, Zipline, to Deliver Blood
in the U.S. This Year, Disruptor Daily
Apr 2018
Zipline's new drone can deliver medical supplies at 79
miles per hour, CNBC
Sep 2017
LLamasoft aims to improve third-world medical supply
delivery via drones, Second Wave Michigan
Aug 2017
LLamasoft Supports Zipline to Improve Performance of
Public Health Supply Chains Using Drones | Business
Wire, Business Wire
Aug 2017
Blood-delivering drone company Zipline readies for
launch in Tanzania, The Verge
Jul 2017
In The US, Drones Will Begin Delivering Blood and
Medicine, IndianWeb2
Jan 2017 ZipLine Hires New President and COO, CSP Daily News
Jan 2017
Zipline to trial medical deliveries using drones in
Tanzania after success in Rwanda, Innovation-village
Nov 2016
HouseLens Launches Nationwide Drone Services With
Partner DroneBase, Marketwired
None
11
1
2
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
1
3
Undisclosed
Series C+
Series B
Series A
Seed4
-
-
-
-
US

Draper Associates
99
Drones > Investors > Draper Associates
People
Investments
[Minicorn] Neurala (2006, Cambridge, $16.2M, Series A)
Develops software for drone and robot autonomy
[Editor's Pick] Natilus (2015, San Jose, Seed)
Develops a large unmanned aerial vehicle for cargo transport
[Unicorn] SpaceX (2002, Hawthorne, $2.2B, Series I)
Reusable Space launch vehicles
[Unicorn] Robinhood (2012, Palo Alto, $539M, Series D)
Zero commission trading app
[Unicorn] DocuSign (2003, San Francisco, $522M, Series F)
Digital Transaction Management Tool
[Unicorn] Tesla (2003, Palo Alto, $454M, Public)
Developer of electric cars
[Unicorn] Thumbtack (2009, San Francisco, $274M, Series E)
Local Services Marketplace
[Unicorn] Coinbase (2012, San Francisco, $44.2M, Series E)
Digital currency exchange & wallet provider
[Soonicorn] Prosper (2005, San Francisco, $410M, Series G)
P2P Lending Marketplace
[Soonicorn] Zopa (2005, London, $169M, Series F)
Online P2P lending marketplace.
[Soonicorn] Nutmeg (2010, London, $101M, Series D)
Automated investment management service
[Soonicorn] Prolacta Bioscience (1999, Los Angeles, $93.7M,
Series D)
Human milk fortifier supplement products for premature infants
Top Exits
Tim Draper
Founder & Managing
Partner
Jul 2018
Neurala launches its Brain Builder to speed up neural
network data preparation, SiliconAngle
May 2018
Neurala Announces Breakthrough Update to Award-
Winning Deep Neural Network Technology, Business Wire
Jan 2018
Neurala, Emerging Leader in AI Technology, Closes
Record-Breaking Year With Continued Growth and New
Accolades, Business Wire
Dec 2017
Cutting air freight expenses in half through drone
technology , Digital Journal
Dec 2017
Neurala Named to CB Insights 2018 ‘AI 100’, Business
Wire
Nov 2017
As Autonomous Technology Transforms the Global
Freight Sector, Natilus Attracts More Seed Investment
from Starburst Ventures, Seraph Group, Gelt VC, Outpost
Capital and Draper Associates, PR Newswire
Jul 2017
Motorola Solutions and Neurala to Work Together on
Intelligence for Cameras, WebWire
Jul 2017
Skyward aims to be the Verizon of drone services |
FierceWireless, Fierce Wireless
None
1 1 1
2
1
2013 2014 2015 2016 2017 2018
-
-
-
-
3
Undisclosed
Series C+
Series B
Series A
Seed3
-
-
-
-
US

Social Capital
100
Drones > Investors > Social Capital
People
Investments
[Minicorn] Iris Automation (2015, Vancouver, $10M, Series A)
Develops drone collision avoidance systems based on computer vision
[Unicorn] Slack (2009, San Francisco, $841M, Series G)
Real-time messaging, archiving and search for enterprise teams.
[Unicorn] Box (2005, Los Altos, $701M, Public)
File sharing in the cloud
[Unicorn] Intercom (2011, San Francisco, $241M, Series D)
Customer communication and Retention Platform
[Unicorn] Netskope (2012, Los Altos, $231M, Series E)
Cloud access security broker solutions in enterprise
[Soonicorn] CollectiveHealth (2013, San Mateo, $230M, Series
D)
Self-insurance SaaS platform for employers to sponsor their employees
[Soonicorn] Wealthfront (2008, Palo Alto, $205M, Series E)
Automated investment service
[Soonicorn] CommonBond (2011, Brooklyn, $132M, Series D)
Online lending platform for education loans.
[Soonicorn] Greenhouse (2012, New York City, $111M, Series D)
Recruiting performance improvement system.
[Soonicorn] Saildrone (2014, Alameda, $90M, Series B)
Develops autonomous unmanned surface vehicle (USV)
[Soonicorn] Wave Accounting (2009, Toronto, $86.3M, Series
D)
SaaS Accounting for SMBs and personal finance management.
[Soonicorn] mParticle (2012, New York City, $73.6M, Series C)
Mobile Data Management and Activation Platform
Top Exits
Mamoon Hamid
Co-Founder & Partner
Chamath
Palihapitiya
Founder & CEO
Tony Bates
CEO
Ted Maidenberg
Co-Founder & Partner
Jul 2018
AirMap Partners with Skyguide for Swiss Drone UTM,
UAS VISION
Mar 2018
Skyguide & AirMap Join Forces to Develop Europe's First
National Drone Traffic Management System, PR Newswire
Feb 2018 AMA Takes Flight With AirMap, UAS VISION
Dec 2017
Chula Vista UAV Test Site Is Now Open to Businesses
Using AirMap.com, Newswire
Dec 2017
AirMap Partners with Airways New Zealand to Trial the
Country's First Drone Traffic Management System, PR
Newswire
Oct 2017
With New AirMap-FAA Integration, Drone Operators
Receive Automated Access to Controlled Airspace, UAS
WEEKLY
Aug 2017
AirMap and Kansas DOT Partner to Deploy Unmanned
Traffic Management Technology Statewide -
UASweekly.com, UAS WEEKLY
Feb 2017
AirMap and senseFly Partner to Advance Safety for
Commercial Drones, RoboticsTomorrow
Feb 2017
AirMap Secures $26 Million to Accelerate Global Adoption
of Airspace Management Platform for Drones, VCA Online
None
11
2
2013 2014 2015 2016 2017 2018
-
-
-
-
3
Undisclosed
Series C+
Series B
Series A
Seed2
1
-
-
-
US
Canada

Founder Collective
101
Drones > Investors > Founder Collective

Andreessen Horowitz
102
Drones > Investors > Andreessen Horowitz

Data Collective
103
Drones > Investors > Data Collective

Homebrew
104
Drones > Investors > Homebrew

Lemnos
105
Drones > Investors > Lemnos

TenOneTen
106
Drones > Investors > TenOneTen

Commercial Drone Fund
107
Drones > Investors > Commercial Drone Fund

Liquid 2 Ventures
108
Drones > Investors > Liquid 2 Ventures

VTF Capital
109
Drones > Investors > VTF Capital

QueensBridge Venture Partners
110
Drones > Investors > QueensBridge Venture Partners

Seraph Group
111
Drones > Investors > Seraph Group

3one4 Capital
112
Drones > Investors > 3one4 Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
113
Seed Stage
Early Stage
Late Stage

Qualcomm Ventures
114
Drones > Investors > Qualcomm Ventures

Sony Innovation Fund
115
Drones > Investors > Sony Innovation Fund

New Enterprise Associates
116
Drones > Investors > New Enterprise Associates

Airbus Ventures
117
Drones > Investors > Airbus Ventures

Andreessen Horowitz
118
Drones > Investors > Andreessen Horowitz

Accel Partners
119
Drones > Investors > Accel Partners

Lux Capital
120
Drones > Investors > Lux Capital

Sequoia Capital
121
Drones > Investors > Sequoia Capital

General Catalyst Partners
122
Drones > Investors > General Catalyst Partners

s28 Capital
123
Drones > Investors > s28 Capital

Madrona Venture Group
124
Drones > Investors > Madrona Venture Group

Eclipse
125
Drones > Investors > Eclipse

SK Ventures
126
Drones > Investors > SK Ventures

Menlo Ventures
127
Drones > Investors > Menlo Ventures

GV
128
Drones > Investors > GV

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
129
Seed Stage
Early Stage
Late Stage

Qualcomm Ventures
130
Drones > Investors > Qualcomm Ventures

Intel Capital
131
Drones > Investors > Intel Capital

Mayfield
132
Drones > Investors > Mayfield

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