Airware’s Latest Developments: Partnership, $30M Funding and Notable Board Member

Posted by Betsy Lillian on March 31, 2016 No Comments

San Francisco-based Airware has announced a new partnership and Series C funding, as well as gained Cisco’s former CEO on its board of directors.

U.S. residential property insurer State Farm, which holds a commercial drone exemption from the Federal Aviation Administration, is partnering with Airware to leverage drone technology for rooftop inspections, underwriting and disaster response.

The solutions, built on top of Airware’s Aerial Information Platform, include cloud-based planning, commercial operator software, vehicles with autonomy and on-board sensors, cloud data processing, and analytics and reporting – all within a complete workflow that enables companies to integrate aerial data into their existing business processes and systems, explains Airware.

Jack Weekes, operations vice president at State Farm, explains, “We’re currently engaged in a limited deployment with Airware to conduct hundreds of test flights and assess how commercial drones can help adjusters conduct rooftop inspections.”

Airware has also announced $30 million in Series C funding, led by Next World Capital with John Chambers, Andreessen Horowitz and Kleiner Perkins Caufield & Byers (KPCB) as participants.

The company has also added Chambers, the current executive chairman and 20-year former CEO of networking/technology giant Cisco, to its board of directors. He joins Airware’s founder and CEO, Jonathan Downey; Chris Dixon, general partner at Andreessen Horowitz; and Mike Abbott, general partner at KPCB. In addition, Tom Rikert, partner at Next World Capital, has joined the company as a board observer.

“Successful companies get market transitions right,” says Chambers. “Digitization and the associated business model evolution is occurring rapidly across every industry. The commercial drone industry is poised to throw many markets into transition. Airware has a great CEO who is scaling remarkably fast, a strong management team and a value-added market proposition. I believe Jonathan and the Airware team are positioned to lead, and it’s an honor to be a part of their team.”

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