PrecisionHawk Plans to Expand in Raleigh

Raleigh-based drone technology firm PrecisionHawk just announced a $32 million funder – led by venture investors such as Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners and others. It’s cash the company plans to use to further expand in the market, says PrecisionHawk CEO Michael Chasen. Much of the money will go toward building out its drone network, as well as further developing artificial intelligence and computer vision products in the energy, telecom, and agriculture space – technologies that analyze the data coming in from drones. Read more about PrecisionHawk's trajectory growth in the TBJ.