AirMap Lands $2.6 Million Investment from Lux Capital

Posted by Betsy Lillian on July 28, 2015 No Comments
Categories : UAV Safety

AirMap, a start-up that provides a comprehensive airspace database and resource for unmanned aircraft (UAS) operators for knowing where and where not to fly, has received a $2.6 million investment led by Lux Capital.

Co-investors are Social+Capital Partnership, Bullpen Capital, TenOneTen Ventures, LegendStar, and Haystack, according to a blog from Bilal Zuberi, a partner at Lux Capital, who says he will also be on AirMap's board of directors.

AirMap, a member of the Small UAV Coalition, was founded earlier this year by aviation expert and entrepreneur Ben Marcus and Dr. Gregory McNeal, a legal scholar on drones, public policy and air rights.

The database integrates multiple sources of flying information and gives UAS operators an easy-to-use, detailed solution that provides a single view of the restricted areas around an area of operations.

The blog states, “Airspace restrictions are being set and changed at national, state, county and town levels, and compliance is often hard to figure out. AirMap solves all that. AirMap focuses exclusively on providing accurate, reliable and trustworthy airspace information so that others in this nascent industry can build amazing vehicles and applications.”

In 2013, Lux Capital invested in drone company CyPhy Works Inc.

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