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Drone Funding Highlights Sector’s Momentum

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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