• Drone Maker CyPhy Raises $22 Million for Two-Prong Strategy

    CyPhyRobot maker iRobot has long had two major lines of businesses: its famous disc-shaped vacuum cleaning robot called the Roomba; and another robot that, well, disposes of bombs.

    Cofounder Helen Greiner says iRobot — now a publicly traded company currently valued at $940 million — “wouldn’t been able to have struggle through” without both.

    No wonder Greiner is again focusing on disparate lines of business at her seven-year-old drone company, CyPhy Works in Danvers, Mass, a startup that has just raised $22 million in Series B funding.

    On the one hand, CyPhy is about to start mass producing its Persistent Aerial Reconnaissance and Communications (PARC) drones, which can fly as high as 500 feet in the air and hang there for 100 hours at a time. How? They’re tethered to the ground with a highly specialized microfilament that both powers them and acts as a secure communications link. As an added bonus, the tether keeps the robots from flying away in sandstorms and other harsh conditions.

    The PARC drones have mostly been used to date by the U.S. military, which employs them at combat posts to monitor compounds. The drones can also accept a variety of payloads. But now that the FAA has begun more freely authorizing the use of unmanned aerial vehicles for non-governmental purposes, Greiner is expecting enterprise customers of all kinds to start ordering them, from mining to port security to construction to even media companies.

    More here.

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