Israeli dronemaker Airobotics raises $32.5 million in funding

Israel-based industrial dronemaker Airobotics this week announced a $32.5 million funding round led by BlueRun Ventures China, as well as Microsoft Ventures and OurCrowd.

The funding is expected to help Airobotics expand its use cases into mining, refineries, seaports and the oil and gas industries.

The company’s existing investors include Waze’s CEO and the former COO of building 8 at Facebook. While Airobotics primarly works in Western countries, investors predict the company’s footprint will grow in Asia.

Airobotics this week also announced its new Homeland Security and Defense division. Defense and industrial drones have been flying high recently; American dronemaker Aerovironment’s stock is up more than 100% over the past 12 months.

Airobotics is the first company in the world to be granted authorization to fly fully automated drones without a pilot, as licensed by the Civil Aviation Authority of Israel.

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