Tethered Drone Maker Hoverfly Technologies Raises $20 Million

: Tether drone manufacturer Hoverfly Technologies has raised $20 million in a Series B funding round led by Leonardo DRS and Korea Robot Manufacturing.  Image credit: Hoverfly Technologies

Tether drone manufacturer Hoverfly Technologies has raised $20 million in a Series B funding round led by Leonardo DRS and Korea Robot Manufacturing.

Credit: Hoverfly Technologies
Hoverfly Technologies, a manufacturer of tethered drone systems for the defense sector, has secured $20 million in a Series B funding round led by Leonardo DRS and Korea Robot Manufacturing (KRM). With a continuous, secure data link to ground stations, tethered drones can provide extended aerial...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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