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michael chasen

michael chasen

PrecisionHawk Announces $32M Investment to Develop Software, Fuel Market Expansion

PrecisionHawk Announces $32M Investment to Develop Software, Fuel Market Expansion

Raleigh-based drone technology provider PrecisionHawk today announced a $32 million investment from a variety of investors, including Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners, and others. The company plans to use the financing to further market expansion and jumpstart sales initiatives. PrecisionHawk will also use the

Drone Tech Company PrecisionHawk Looks to Take On the Energy Sector With Double Acquisition

Drone Tech Company PrecisionHawk Looks to Take On the Energy Sector With Double Acquisition

Commercial drone technology platform PrecisionHawk has acquired two companies to further expand its footprint in the energy sector. The two new additions to the Raleigh-based company's portfolio include Virginia-headquartered HAZON, which focuses on drone technology for utilities, and California-based InspecTools, which makes machine vision software

PrecisionHawk

How Comcast-Backed Commercial Drone Platform PrecisionHawk Surveyed the Industry to Take Flight

Commercial drone usage has expanded dramatically in the last decade — Business Insider predicts consumer drone shipments to hit 29 million in 2021, a compound annual growth rate of over 31 percent. Commercial drone technology platform PrecisionHawk has seen its own product growth increase thanks to new regulations, as it positions