uAvionix Garners $5,000,000 Series A Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=984bee35-ff7b-4c16-a0e1-dafa0670c4e0 - Date
4/29/2016 - Company Name
uAvionix - Mailing Address
380 Portage Ave. Palo Alto, CA 94306 USA - Company Description
uAvionix develops the world’s smallest, lightest and most affordable family of ADS-B transponders, receivers and navigation tools. uAvionix’ Ping network system combines hardware, software, and real time airspace mapping to enable companies to safely and reliably operate drones in the NAS. - Website
http://www.uavionix.com - Transaction Type
Venture Equity - Transaction Amount
$5,000,000 - Transaction Round
Series A - Proceeds Purposes
The investment will be used to further accelerate the development and commercialization of uAvionix’s groundbreaking avionics system. - M&A Terms
- Venture Investor
Playground Global - Venture Investor
Undisclosed
