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.
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.
Apps and channels of Iris Automation
its YouTube channel Iris Automation Inc. has 213 subscribers and 7 videos.
Videos from Iris Automation
The most watched videos on Iris Automation's YouTube channel, Iris Automation Inc. (213 subscribers). Click a video to play it here.
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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 $23.63M
- Total Rounds 6
- Last Round Series B — $13M
- First Round $500,000
(Mar 2016)
- Investors Count 11
All 6 funding rounds of Iris Automation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $13M | Series B | – | Sony Innovation Fund, Verizon | |
| Jan 2018 | $8M | Series A | – | Bessemer Venture Partners | |
| Jan 2017 | $1.5M | Series A | – | Bee Partners | |
| Aug 2016 | $125,000 | Seed | – | – | |
| Mar 2016 | $500,000 | Seed | – | Bee Partners, Y Combinator | – |
| Mar 2016 | $500,000 | Seed | – | – |
12 investors in total: 10 institutional and 2 angel.
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 |
|---|---|---|---|---|
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Seed and early-stage micro investments are targeted in the US. | – | beepartners.vc | San Francisco, United States | |
Seed and early-stage US venture capital investments are managed. | – | ocaventures.com | Chicago, United States | |
Venture capital fund investing in technology and AI sectors. | 2016 | sonyinnovationfund.com | Tokyo, Japan | |
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | – | ggvc.com | Menlo Park, United States | |
Venture capital fund focused on seed-stage investment in multiple sectors | – | liquid2.vc | San Francisco, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Mobile and internet services are provided to homes and businesses. | 1983 | verizon.com | New York, United States | |
PB Paul Buchheit | Creator of Gmail, angel investor, and Y Combinator partner | – | unknown_6e9d360512ad4e3eb | - |
Investor details for Iris Automation
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People of Iris Automation
4 people are tracked at Iris Automation (1 in leadership, 2 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Jason Hardy-Smith | VP of Product | Leadership |
Tess Hatch | Board Member | Board & advisors |
David Cowan | Board Member | Board & advisors |
Greg M. Davis | Canadian Sales & Marketing Iris Automation | Team |
Complete people profiles for Iris Automation
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Timeline of Iris Automation
4 dated milestones of Iris Automation across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Iris Automation is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Series B, of $13.0M.
- Exit Acquired by uAvionix.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| daedalean.ai | 2016 | Zurich, Switzerland | $69.84M | – | Airborne systems for flight autonomy are developed using AI. | |
| pixevia.com | 2013 | Vilnius, Lithuania | $3.29M | – | Store automation and analytics solutions are provided for offline retailers. | |
| wonderbotics.com | 2018 | Hod Hasharon, Israel | $4M | – | Software for safe, autonomous drone takeoff and landing is provided. | |
| pilot.ai | 2015 | Sunnyvale, United States | – | – | Algorithms for autonomous drone navigation and subject tracking are developed. | |
| automodality.com | 2014 | San Rafael, United States | $4.8M | 12 | Autonomous drones are developed for inspecting infrastructure, farms, and mines. | |
| flightops.io | 2020 | Herzliya, Israel | – | – | Cloud-based platform for autonomous multi-drone operations is provided. | |
| kvstech.no | 2015 | Stavanger, Norway | – | – | Intelligent robots are developed for firefighting in industrial settings. |
Detailed competitors of Iris Automation
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Web traffic of Iris Automation
The website of Iris Automation (irisonboard.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▲ 15% vs previous month
Websites whose visitors overlap most with Iris Automation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| swidch.com | 100% | 45.2K | #932,827 | View details | |
| heliguy.com | 97% | 219.3K | #207,640 | View details |
Latest news on Iris Automation
Complete news archive for Iris Automation
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Similar companies to Iris Automation
10 companies that operate in the same segment as Iris Automation (Computer Vision & Imaging AI), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based satellite imagery data and analytics solutions are provided. | 2010 | San Francisco, California, United States | USD 666.69 M | USD 307.73 M | 970 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,900 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 2,193 | |
Provider of SDK for smart data capture from barcodes, files, and IDs | 2009 | Zurich, Switzerland | USD 273.1 M | – | – | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | Singapore, Singapore | USD 1.03 B | – | – | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, China | USD 1.98 B | – | – | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 | |
AI-driven dashcams and road safety solutions are provided for drivers. | 2015 | Tel Aviv, Israel | USD 149.5 M | – | – | |
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | – | 723 |
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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 Seed of $500K, raised on Mar 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.
Iris Automation operates through Iris Automation, Inc..
Yes. Iris Automation was acquired by uAvionix in October 2023.