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UpWest Backed Airobotics Announces $28.5M in Funding from US Tech Investors
PALO ALTO, Calif., June 21, 2016 /PRNewswire/ -- UpWest Labs, the leading Silicon Valley early stage fund investing in Israeli entrepreneurs, announced today, the unveiling and funding of their portfolio startup, Airobotics, the world's first fully automated drone platform. Airobotics secured $28.5 million in combined A and B rounds from leading US investors including BlueRun Ventures, CRV, UpWest Lab as well as private individuals such as Noam Bardin, the CEO of Waze, and Richard Wooldridge, Google ATAP's COO. "We believe that Israel has some of the most intelligent, experienced and creative minds across a variety of technologies. Specifically, there is a large knowledge base in UAV technologies and we identified Airobotis as a leader with unique experience and expertise in the area. We are proud to bridge this knowledge between Israel and the global economy," explains Gil Ben-Artzy, Founding Partner at UpWest Labs. "UpWest has been a strong believer in our vision from the first time we met. Their partnership and hands-on support have enabled us to better understand the market needs, engage with large enterprise clients and attract world-class investors that have impacted and accelerated our growth," shared Ran Krauss, Founder and CEO of Airobotics. About UpWest Labs To learn more, please visit www.upwestlabs.com and follow us on Twitter @upwestlabs About Airobotics The team at Airobotics fuses expertise in aerospace hardware design, robust electronic systems, leading software engineering, and years of experience in commercial drone operations. This varied experience has allowed them to design a solution suited to address the needs of the world's most complex industrial environments. To learn more, visit: www.airobotics.co.il and follow us on twitter @airoboticsUAV or on LinkedIn
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/upwest-backed-airobotics-announces-285m-in-funding-from-us-tech-investors-300287919.html SOURCE UpWest Labs |