On August 14, 2013, PrecisionHawk announced the closing of an investment round carried by an investment vehicle of Bob Young, co-founder of open-source software company Red Hat and Innovate Indiana, the investment fund of Indiana University. The funding will give PrecisionHawk the capability to expand to meet the growing demand for unmanned aerial vehicles and aerial imaging data services in the civilian space in the US as well as abroad.
PrecisionHawk is a civil unmanned aerial systems and remote sensing company founded in 2010 in Toronto, Canada under the name WineHawk Labs. The company’s focus is on gathering the most precise and complete data and information to provide usable and easy to understand data. The team is comprised of professionals in the United States and Canada with backgrounds in remote sensing, unmanned aircraft operations, software development, data processing and GIS systems development.
Gowling advised PrecisionHawk in this financing with a team that included Ian Palm and Radhika Vaidyanathan.
Read the original article here.
