About Teal Drones
Teal Drones is a company based in Salt Lake City (United States) founded in 2014 was acquired by Red Cat Holdings in July 2021. Teal Drones has raised $9.8 million across 5 funding rounds from investors including Decathlon Capital Partners, NEA and Pelion Venture Partners. Teal Drones offers products and services including Black Widow™, Teal 2 Controllers, and Futures Initiative. Teal Drones operates in a competitive market with competitors including Anduril, Shield AI, Northrop Grumman, Newspace Research and Technologies and Elbit Systems, among others.
- Headquarter Salt Lake City, United States
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Sectors
Aerospace, 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 Red Cat Holdings, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.8 M (USD)
in 5 rounds
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Latest Funding Round
$1.2 M (USD), Series A
Jun 28, 2023
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Investors
Decathlon Capital Partners
& 3 more
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Employee Count
Not available
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Acquired by
Red Cat Holdings
(Jul 13, 2021)
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Products & Services of Teal Drones
Teal Drones offers a comprehensive portfolio of products and services, including Black Widow™, Teal 2 Controllers, and Futures Initiative.
Drone for short-range reconnaissance and intelligence missions
Controllers for seamless drone operation in challenging environments
Platform for collaborating on drone technology advancements
People of Teal Drones
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Software Development Team
2 people
Sr. Team
2 people
Leadership Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Teal Drones
Teal Drones has successfully raised a total of $9.8M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in June 2023. 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.
Investors in Teal Drones
Teal Drones has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Decathlon Capital Partners, NEA and Pelion Venture Partners.
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Private debt funds focused on direct lending, and revenue-based financing
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Venture capital investments are offered to startups by NEA.
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US focused early-stage VC firm
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Investor details for Teal Drones
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Investments & Acquisitions by Teal Drones
Investment portfolio details for Teal Drones
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Financial Statements - Teal Drones
Detailed financials for Teal Drones
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Teal Drones Comparisons
Peer comparison for Teal Drones
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Competitors of Teal Drones
Teal Drones 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 Anduril, Shield AI, Northrop Grumman, Newspace Research and Technologies and Elbit Systems, among others.
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Provider of AI-based drone surveillance solutions for defense and maritime sector
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Autonomous drones and AI pilots for fighter jets are developed.
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Non-combat aircraft systems are supplied for aerospace and defense sectors.
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Next-generation unmanned systems and aerospace technologies are developed.
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Military drones and defense systems are provided globally.
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Unmanned aerial systems for military purposes are developed and supplied.
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Detailed competitors of Teal Drones
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Latest news on Teal Drones
Complete news archive for Teal Drones
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Frequently Asked Questions about Teal Drones
Teal Drones was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Teal Drones is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Teal Drones is a funded company, having raised a total of $9.8M across 5 funding rounds to date.
Teal Drones was established in 2014 in Salt Lake City, United States, within the defense and aerospace sector. Military drones are supplied, incorporating an NVIDIA TX1 chip to enable machine learning-based autonomous flight algorithms. An aerial platform is utilized for aircraft control in varied environments, supporting operations in military applications across domestic and international contexts.
Teal Drones's top competitors include Anduril, Shield AI and Northrop Grumman.
Teal Drones offers Black Widow™, Teal 2 Controllers, and Futures Initiative.
Teal Drones has 4 investors. Key investors include Decathlon Capital Partners, NEA, Pelion Venture Partners, and Red Cat Holdings.