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Drone Funding Highlights Sector’s Momentum

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Drone Funding Highlights Sector’s Momentum

Venture investors are targeting drone startups as technological advancements and federal approvals enable growth in the sector. The latest example is Volansi Inc., which offers a drone delivery service to transport machine parts and other cargo to industrial companies and the military.

The San Francisco-based startup raised a $50 million Series B round led by Icon Ventures and investors including Lightspeed Venture Partners, Y Combinator, venture firm Harpoon and Graphene Ventures participated in the deal.

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