PrecisionHawk, one of the first US drone businesses to raise big VC money, has been scooped up by European technology company Field. The acquisition gives Norway-based Field a foothold in the US and plans are in place to operate PrecisionHawk under the Field brand name by the end of the year.

With its headquarters in Raleigh, North Carolina, PrecisionHawk was founded in 2010 to help chase pest birds away from vineyards. By 2012, the company had grown to include other precision agriculture services and picked up $1 million in Series A funding shortly after that.

By the time PrecisionHawk closed its Series D funding round in 2018, it had raised more than $100 million. This was also a time when the startup was scaling at eye-popping rates, acquiring as many as five drone and technology companies in a single year.

PrecisionHawk’s last funding round, Series E, came in December 2019 where it raised another $32 million. The company ditched agriculture for energy…

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Source: dronedj.com