Funding Details
- Awarder
- StartEngine
- Date Award
- June 13, 2024
- Vertical
- Autonomous Systems
- Funding URL
- View Funding Page
- Valuation
-
$82,360,000,000,000
Company Info
- Founding Year
- Not provided
- Traction
- The company has signed 48+ LOIs and has valued their potential revenue at over $600 million. They are focused on testing and commercialization of their technology.
- Organizations Involved
- NASA, NSF, USDA
- Founders
- Joshua Resnick, David Adams, Bobby Hulter
- Company Description
- At Parallel Flight Technologies, we design autonomous drones that deliver heavy payloads with precision and speed, with partnerships across the globe and 48+ LOI’s signed. Our transformative Parallel Hybrid propulsion technology allows drones to carry heavy payloads exponentially longer than current technology, and can be applied across multiple global logistics verticals.
- Market
- Multiple verticals including wildfire prevention, blood delivery, industrial logistics, military
- Location
-
La Selva Beach,
CA,
US
- Coinvestors
- None
Links