GE Ventures invests in drone manufacturer Airware

GE Ventures invests in drone manufacturer Airware

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US, November 20, 2014: Airware, creator of a hardware, software, and cloud services platform for commercial drone development and operation, has raised a strategic investment from GE Ventures, the investment arm of GE. However, the details of the investment were not disclosed.

GE and Airware will work together to identify ways that Airware’s platform can help deliver safer, more efficient solutions for GE’s industrial customer base and allow them to collect better data and make more informed decisions.

Airware will use the funding to continue preparations for the commercial launch of its platform and continue to expand its engineering, sales, marketing, and customer support functions.

Airware has raised over $40 million to date from leading venture capital firms and strategic investors including Kleiner Perkins Caufield & Byers (KPCB), Andreessen Horowitz, First Round Capital, Google Ventures, and GE Ventures.

Source: Airware