About Iris Automation
Iris Automation is a company based in Vancouver (Canada) founded in 2015 was acquired by uAvionix in October 2023.. Iris Automation has raised $23.63 million across 6 funding rounds from investors including Verizon, Bessemer Venture Partners and Social Capital. Iris Automation offers products and services including Casia Onboard Detect-and-Avoid and Casia Ground Detect-and-Alert. Iris Automation operates in a competitive market with competitors including Daedalean, PIXEVIA, Wonder Robotics, Pilot AI Labs and AutoModality, among others.
- Headquarter Vancouver, Canada
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Sectors
TechnologyAerospace, 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 Iris Automation, Inc.
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Products & Services of Iris Automation
Iris Automation offers a comprehensive portfolio of products and services, including Casia Onboard Detect-and-Avoid and Casia Ground Detect-and-Alert. 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.
Onboard technology for detecting and avoiding aircraft during drone flights.
Ground-based system for monitoring and alerting on intruder aircraft in drone operations.
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Funding Insights of Iris Automation
Iris Automation has successfully raised a total of $23.63M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $13 million completed in December 2020. 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 6
- Last Round Series B — $13.0M
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First Round
First Round
(06 Mar 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2020 | Amount | Series B - Iris Automation | Valuation | Sony Innovation Fund , Verizon | |
| Jan, 2018 | Amount | Series A - Iris Automation | Valuation | Bessemer Venture Partners | |
| Jan, 2017 | Amount | Series A - Iris Automation | Valuation | Bee Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Iris Automation
Iris Automation has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Verizon, Bessemer Venture Partners and Social Capital. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Seed and early-stage micro investments are targeted in the US.
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Seed and early-stage US venture capital investments are managed.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Iris Automation
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Iris Automation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Iris Automation Comparisons
Competitors of Iris Automation
Iris Automation 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 Daedalean, PIXEVIA, Wonder Robotics, Pilot AI Labs and AutoModality, 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 |
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Airborne systems for flight autonomy are developed using AI.
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Store automation and analytics solutions are provided for offline retailers.
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Software for safe, autonomous drone takeoff and landing is provided.
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Algorithms for autonomous drone navigation and subject tracking are developed.
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Autonomous drones are developed for inspecting infrastructure, farms, and mines.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iris Automation
Frequently Asked Questions about Iris Automation
When was Iris Automation founded?
Iris Automation was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Iris Automation located?
Iris Automation is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Iris Automation a funded company?
Iris Automation is a funded company, having raised a total of $23.63M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Mar 06, 2016.
What does Iris Automation do?
Iris Automation was founded in 2015 in Vancouver, Canada, within the drone technology sector. A full collision avoidance system for drones is developed by the company, incorporating an on-board camera, processor, and software package. Compatibility with various drone models is supported, along with low-power operation. Focus is placed on computer vision to enable autonomous navigation in aerial environments.
Who are the top competitors of Iris Automation?
Iris Automation's top competitors include Daedalean, PIXEVIA and Wonder Robotics.
What products or services does Iris Automation offer?
Iris Automation offers Casia Onboard Detect-and-Avoid and Casia Ground Detect-and-Alert.
Who are Iris Automation's investors?
Iris Automation has 12 investors. Key investors include Verizon, Bessemer Venture Partners, Social Capital, uAvionix, and Sony Innovation Fund.
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