Tag: drone technology
Garuda Aerospace lands $10 million pre-IPO funding at $320 million valuation
Chennai-based drone technology company Garuda Aerospace has raised around $10 million (about Rs 96 crore) in a pre-initial public offering (IPO) funding round at a…
Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada’s Draganfly
Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as defense sector…
Ideaforge raises Rs 500 crore via QIP to fund next phase of growth
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through Qualified Institutional Placement (QIP), and it plans to use the proceeds to fund…
LAT Aerospace’s prototype aircraft crashes during ground test near Saifai
A prototype aircraft developed by LAT Aerospace crashed yesterday during a ground roll test near Saifai, cofounder Surobhi Das shared the news on LinkedIn on…
Silicon Valley-backed defense firms face growing pains after hot streak
US defense technology companies have roughly doubled their share of Pentagon contracts over the past year, but they face growing pains as they try to…