Page 22 - வடக்கு கரோலினா துறை ஆஃப் போக்குவரத்து News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Drone delivery provider Flytrex lands $9M to scale US operations
Already testing drones in North Carolina, Israel-based company is working to finalize FAA certification
0 630 3 minutes read Flytrex, which is testing drone grocery delivery in North Carolina, has landed $9 million funding to help it scale production in the U.S. as it nears FAA certification. (Photo: Flytrex)
Flytrex, which is conducting a drone delivery pilot in North Carolina with Walmart (NYSE: WMT), has secured $9.3 million in additional funding to expand its operations and finalize Federal Aviation Administration (FAA) certification for drone deliveries.
Total funding for the company is now $20.3 million after it received $3 million in a Series A on Jan. 3, 2017, and an additional $8 million in a Series B on Jan. 8, 2019, according to Crunchbase. The latest round includes $8 million led by existing investors Benhamou Global Ventures (BGV) and btov and $1.3 million in the form of an Israeli Innovation