Drones may still be having a land-grab moment. Startups in the category have already seen significant investment, with venture funding booming by 214% in 2015. And now the category is evolving beyond hardware, with investments and activity moving to drone software and media companies. For example, Drone Racing League recently forged a partnership with ESPN to broadcast competitions.
Corporate venture arms are also ramping up investments and corporations are developing their own offerings. Consumer electronics companies like Go Pro are already hitting the market with drones (though Go Pro’s Karma drone has been plagued by recalls), and chip giants like Intel and Qualcomm both have drone projects in the works.
Using CB Insights platform, we looked at financing trends to drones startups.