PrecisionHawk was once a promising drone company. Now it’s shutting down with $17 million in debt and $3.8 million in assets.
UTM patents advance PrecisionHawk push for air traffic control for drones, manned aircraft
PrecisionHawk, which provides drone and data services to the energy and other industries, has received two patents for UTM, or a unified traffic management system for aircraft and drones.
Drone services critical to safer, more economical utility inspections, says PrecisionHawk
Drone services are becoming increasingly important to the oil and gas and utilities industries, says PrecisionHawk, which has seen inspections grow as a share of its business.
PrecisionHawk raises $32M for drones-as-a-service platform
PrecisionHawk, a North Carolina-based drones-as-a-service company, closed a $32 million Series E round. PrecisionHawk has raised more than $136 million to date. It will use the funding to continue developing its hardware and software offerings. PrecisionHawk has customers in a variety of industries, including agriculture, energy, and telecommunications. Some of its applications for agriculture include…