By Hannan Parvizian, CEO and Co-Founder of Volansi
We have some big and exciting news to share: Volansi has closed its Series B round of financing, having raised $50 million. The round was led by Icon Ventures and included all our existing investors, including LightSpeed Ventures, Y Combinator, and One Planet, and saw the addition of new investors, including Harpoon Ventures and Graphene Ventures.
Icon Ventures is a Palo Alto and San Francisco-based venture capital firm with over $1 billion under management. They specialize in Series B and C financing of exciting technologies with visionary teams. They understand what makes a company a category winner- shown time and again by their portfolio of successful exits, which includes enviable tech companies such as Aster Data (Teradata), Bill.com (BILL), FireEye (FEYE), 41st Parameter (Experian), Infinera (INFN), MoPub (Twitter), Opcity (News Corp), Palo Alto Networks (PANW), Proofpoint (PFPT) and Teladoc (TDOC).
Building on our Momentum
This is the third equity round for Volansi, bringing our total funding to $75 million (USD).
So, what do we plan to do with it? For starters, we’re going to accelerate the use of drone delivery in the US and global emerging markets.
With the support of our Series A partners, we developed and brought to market first-of-their-kind autonomous drones and launched select customer projects around the world – changing the face of the VTOL UAV market as we know it. The Series B financing allows Volansi to build on this momentum.
This is great news for you. We know you want us to continue pushing the envelope of mobility and robotics. We know you want us to change the face of logistics. And we know you want us to continue launching new projects and scaling current ones, both in emerging markets around the world and especially here in the US.
This funding will help make this happen.
With just over 65 team members in Northern California, Arizona, and Africa, we will continue to grow our team – adding engineers, developers, and operators, and building our support and success teams to reinforce our growing projects across the globe.
I send a heartfelt thank you to our investors and advisors for their continued confidence, to our customers and partners who continue to amaze us with their passion, support, and feedback, and of course to the entire team here at Volansi.
There’s lots to do- and we’re all on board and excited to make it happen.
Now it’s time to get back to work on our mission: changing the way things move from one place to another and accelerating the world’s freedom from the limitations of traditional infrastructure.