Funding Details
- Awarder
- StartEngine
- Date Award
- June 13, 2024
- Vertical
- Drone Technology
- Funding URL
- View Funding Page
- Premoney Valuation
-
$22,600,000
- Valuation
-
$175,320,000
Company Info
- Founding Year
- Not provided in the memo
- Traction
- Parallel Flight Technologies has achieved significant milestones since their last funding round, including successful test flights with heavy payloads, increased customer traction, and the launch of a European subsidiary. They have also secured grants and partnerships with key industry players.
- Revenue Amount
-
$30,000,000
- Organizations Involved
- NASA, NSF, USDA, Drone Amplified, Grayback Forestry, Colorado Center of Excellence, Lift Aircraft, Air Force Agility Prime program, Project Vesta, Naval Postgraduate School
- Founders
- Joshua Resnick, David Adams, Bobby Hulter
- Company Description
- Parallel Flight Technologies is developing drone technology that saves lives, property, and the environment. We believe that drones can transform our world for the better - saving lives and protecting our environment. Parallel Flight is developing technology to unlock radical new possibilities.
- Market
- Wildfire Suppression, Healthcare, Industrial Logistics
- Location
-
La Selva Beach,
CA,
US
- Coinvestors
- Not provided in the memo
Links