On Wednesday, DJI, a leading maker of drones for consumers, and Airware, a leading maker of software to power commercial drones, each launched their own drone-focused venture capital fund.
“We definitely did not coordinate,” says Jonathan Downey, CEO of Airware and general partner of the Commercial Drone Fund. “So: Pretty significant coincidence.”
Data from CB Insights indicate that $172 million has been invested in drone-related companies in 2015 so far — as much as the previous five years combined. Lux Research analyst Maryanna Saenko credits big gains in sales of consumer drones and a regulatory framework that makes commercial drones look increasingly viable.
The above graph shows drone investment since 2010. Adding up total investments from 2010 to 2014, it’s about $172 million. That’s the same amount that has been invested so far in 2015.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?