PrecisionHawk raises $75 million to lead the drone industry

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In North Carolina, PrecisionHawk, Inc. raised a $75 million round of funding from a group of venture and strategic investors. This investment brings PrecisionHawk’s total funding to more than $100 million since being founded in 2010, making it the world’s most well-capitalized commercial drone company.

“Syngenta has been a PrecisionHawk customer since 2015 and has experienced first-hand the impact of the technology platform; both augmenting and replacing a variety of manual processes for more efficient and scalable operations,” said Katrin Burt, Managing Director of Syngenta’s venture capital group. “This investment reflects our commitment to advancing technologies that could have a real impact within agriculture and our excitement about the potential for PrecisionHawk to lead the commercial drone space across multiple industries.”

With this investment, PrecisionHawk can build upon its lead in the commercial drone space and apply capital to expand its team, focus on product innovation and make strategic acquisitions.