UAV Technology Provider 3D Robotics Acquires Sifteo

Posted by Betsy Lillian on July 29, 2014 No Comments
Categories : Business Operations

3D Robotics, a Berkeley, Calif.-based unmanned aerial vehicle (UAV) technology company, says it has acquired Sifteo, a consumer electronics company.

Sifteo develops technologies for high-performance embedded computation, low-latency wireless communication, virtualization techniques and sensor fusion.

3D Robotics says its focus of the newly combined entities post-acquisition is expanding from its current position in the business-to-business, sophisticated developer and hobby drone sectors to adding more out-of-the-box products for the everyday consumer.

“When we first engaged with the Sifteo team and saw their skill set, experience and IP portfolio, we immediately recognized the impact they would have working with us to transform and grow the consumer drone market,” comments Chris Anderson, CEO of 3D Robotics.

‘We are thrilled to have the resources of both groups together to lead what we believe will be a billion-dollar market over the next few years,’ he adds.

Sifteo, previously supported by multiple research grants from the National Science Foundation and venture financing from True Ventures and Foundry Group, will leave its customer support open for at least a full year for existing Sifteo customers.

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