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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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.
Onboard technology for detecting and avoiding aircraft during drone flights.
Ground-based system for monitoring and alerting on intruder aircraft in drone operations.
People of Iris Automation
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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 |
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.
| 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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Investments & Acquisitions by Iris Automation
Financial Statements - Iris Automation
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.
| 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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Frequently Asked Questions about Iris Automation
Iris Automation was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Iris Automation is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
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.
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.
Iris Automation's top competitors include Daedalean, PIXEVIA and Wonder Robotics.
Iris Automation offers Casia Onboard Detect-and-Avoid and Casia Ground Detect-and-Alert.
Iris Automation has 12 investors. Key investors include Verizon, Bessemer Venture Partners, Social Capital, uAvionix, and Sony Innovation Fund.