Investment in Drone Companies Shifts Skyfish $20 Million
U.S. drone manufacturer Skyfish announced a $20 million funding round, in a further indication that investment in drone companies is shifting to reward companies that are offering advanced technology for an established sector.
The drone industry has often been accused of being a solution in search of a problem, but as drone technology matures that can no longer be said. The Skyfish solution is a U.S.-based example: the company provides autonomous drones that deliver centimeter-level accuracy asset models, appropriate for engineering purposes – and the cell tower industry is rapidly adopting them.
Investment in drone companies has slowed since the early days just before and after the enactment of Part 107, which regularized commercial drone operations in the U.S. in 2016. In 2019, drone industry analysts DRONEII referenced the Gartner Hype Cycle in an InterGeo presentations: saying that the “peak of inflated expectations” was over – but that the industry could expect…