California-based 3D Robotics which makes capable and easy-to-use drone systems for everyday exploration and business applications, has raised $50 million in Series C round led by Qualcomm Ventures. Foundry Group, True Ventures, OATV, Mayfield, Shea Ventures and other unnamed investors also participated in the round.
As per a Gigaom report, the raised funding will be used to make investments in drone and software developments as well as integrating mobile phone technology such as processors into drones. The firm had previously raised a combined $35 million in its Series A & B rounds.
Founded in 2009 by Chris Anderson, 3D Robotics makes sensor-laden drones that can collect data from farmers, real estate firms and anyone else who could benefit from surveying land from the air. The company also makes the consumer drones like the Iris+. All 3DR drone systems also serve as robust tools for data analysis, enabling tools, surveying 3D modeling and more.Category Investments Technology