SAN FRANCISCO, CA, Iris Automation has closed a successful round of $13 million in Series B venture capital funding.
Founded in 2015, Iris Automation is a computer vision technology company pioneering the development of advanced detection systems used to help provide Detect-and-Avoid (DAA) capabilities that enable safe commercial drone operations including scalable Beyond Visual Line of Sight (BVLOS) missions.
The funding includes follow-on investment by Bessemer Venture Partners, Bee Partners, OCA Ventures, and new investors Sony Innovation Fund and Verizon Ventures. The addition of this strategic investment acknowledges the criticality of collision avoidance and safety technology to the future aviation community.
Iris Automation is a safety avionics technology company pioneering Detect-and-Avoid (DAA) systems and aviation policy services that enable customers to build scalable Beyond Visual Line of Sight (BVLOS) operations for commercial drones; operations unlocking the potential of countless industries. Iris' DAA system runs entirely onboard Unmanned Aircraft Systems (UAS), allowing them to fly safely at long distances and without human intervention. We work closely with civil aviation authorities globally as they implement regulatory frameworks ensuring BVLOS is conducted safely, partnering on multiple FAA BEYOND UAS Integration Programs and Transport Canada's BVLOS Technology Demonstration Program. Iris is recognized by AUVSI as the number one Technology and Innovation Leader for 2020. Visit www.irisonboard.com.
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