Austin Drone Software Startup Hangar Collects $6.5M in Seed Funding
Austin—Hangar, a startup that makes software to help businesses better collect and analyze data from drone flights, has raised $6.5 million in an early stage funding round.
New York-based Lux Capital led the financing; the company reported that Fontinalis Partners, Haystack Partners, and several prominent angel investors also participated.
Founder and CEO Colin Guinn says Hangar produces autonomous drone flight software that can be easily shared to business customers such as commercial and residential real estate or construction companies on a large scale.
“There’s a whole process in getting those 200 images off the memory into the cloud and then processed and delivered into Autodesk or whatever program the construction company is using,” he says. “This makes it really easy for large enterprise customers to access that data where they want to see it.”
He says Hangar’s technology is in beta right now with Austin companies with a plan to officially launch in the first quarter of next year. Hangar will tap into the large community of enthusiasts would have purchased drones as the cost has dropped from $50,000 four years ago to $1,500 today.
“People who own drones love flying their drones,” Guinn says. “Many of them convinced their spouses to buy it saying it would pay for itself. We’re going to make it easier.”