FlightWave Aerospace, makers of cutting-edge unmanned aerial systems and integrated sensor technology, has closed a new round of investment to rapidly expand and accelerate new product development and market reach.
California-based aerospace company FlightWave announced a new round of investment, enabling the development of a new generation of UAS in addition to more rapid growth of its already established UAS technologies. Snowpoint Ventures (snowpoint.vc) led the round with Catapult Ventures (catapult.vc) adding to its previous investment and Decisive Point Ventures (decisivepoint.com) also participating. Catapult invests in companies with differentiated core technology, while Snowpoint seeks to close the gap between government and tech by focusing on disruptive technologies.
“Now, more than ever, securing our critical infrastructure and technologies in the U.S. is extremely important and a primary focus of our portfolio.”, explains Alex Creasey, Founder and General Partner at Snowpoint Ventures. “FlightWave’s unique approach to the UAS industry is unlike anything we’ve seen in the market to date – their modular design allows the current platform to be leveraged for both commercial and tactical applications via a unique interchangeable payload system in combination with a best in class fixed-wing VTOL platform.”
“FlightWave has already developed an incredibly innovative and efficient small UAS platform,” noted Darren Liccardo, Cofounder and Managing Director at Catapult Ventures.
“We are excited to continue our partnership with FlightWave as they prepare to scale into multiple high growth markets.”
With this infusion of funding, FlightWave intends to dramatically expand its team, facilities, and overall market reach.