About DroneUp
DroneUp is a company based in Virginia Beach (United States) founded in 2016.. DroneUp has raised $8.95 million across 7 funding rounds from investors including Walmart and Center for Innovative Technology. DroneUp has completed 1 acquisition, including AirMap. DroneUp offers products and services including Uncrew and Part 135. DroneUp operates in a competitive market with competitors including Volansi, Zipline, Wing, Flytrex and Elroy Air, among others.
- Headquarter Virginia Beach, United States
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Droneup, Llc
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Products & Services of DroneUp
DroneUp offers a comprehensive portfolio of products and services, including Uncrew and Part 135. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides secure and autonomous UAS coordination for defense missions.
Facilitates regulatory-compliant UAV management for commercial applications.
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Software Development Team
7 people
Product Management Team
6 people
Leadership Team
4 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Legal and Compliance
2 people
Sr Team
1 people
Operations Team
1 people
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Funding Insights of DroneUp
DroneUp has successfully raised a total of $8.95M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $950 thousand completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $950,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Series A - DroneUp | Valuation |
investors |
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| Jun, 2021 | Amount | Series A - DroneUp | Valuation | Walmart |
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| Apr, 2021 | Amount | Series A - DroneUp | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DroneUp
DroneUp has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Walmart and Center for Innovative Technology. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage VC firm funding companies in the US
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Multinational retail corporation
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DroneUp
DroneUp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AirMap. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of planning software for drone collision avoidance and airspace information
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DroneUp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Droneup Comparisons
Competitors of DroneUp
DroneUp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Volansi, Zipline, Wing, Flytrex and Elroy Air, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
VTOL drone delivery solutions for logistics are provided.
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| domain | founded_year | HQ Location |
Drones are operated for on-demand delivery of medical supplies.
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| domain | founded_year | HQ Location |
Drone-based on-demand delivery services and traffic management software are provided.
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| domain | founded_year | HQ Location |
Cloud-based on-demand drone delivery for e-commerce is provided.
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| domain | founded_year | HQ Location |
Autonomous aircraft systems are developed for cargo delivery operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Droneup
Frequently Asked Questions about DroneUp
When was DroneUp founded?
DroneUp was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is DroneUp located?
DroneUp is headquartered in Virginia Beach, United States. It is registered at Virginia Beach, Virginia, United States.
Is DroneUp a funded company?
DroneUp is a funded company, having raised a total of $8.95M across 7 funding rounds to date. The company's 1st funding round was a Series A of $6.66M, raised on Feb 07, 2019.
What does DroneUp do?
DroneUp was founded in 2016 and is headquartered in Virginia Beach, United States. Drone-based services are delivered to commercial, government, and public safety sectors. Single-pilot or multi-pilot crews are located, qualified, and deployed for operational needs. Compatibility is ensured with Android and iOS devices. Customized project development is offered to enterprises in the drone services industry.
Who are the top competitors of DroneUp?
What products or services does DroneUp offer?
DroneUp offers Uncrew and Part 135.
How many acquisitions has DroneUp made?
DroneUp has made 1 acquisition, including AirMap.
Who are DroneUp's investors?
DroneUp has 2 investors. Key investors include Walmart, and Center for Innovative Technology.
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