funding Archive

Where Have All the Unicorns Gone?

LONDON, United Kingdom — Privately-held start-ups valued at $1 billion or above were once as rare as unicorns, hence the label widely used for such companies in Silicon Valley and beyond. But in 2015, unicorns weren’t such an uncommon beast. In fashion alone, Warby Parker, Farfetch and Rocket Internet-backed Global Fashion Group earned a valuation of $1 billion or above for the first time last …

DroneDeploy raises $20 million to help any business put drones to work

A San Francisco-based startup called DroneDeploy has raised $20 million in Series B funding to grow their drone data management platform. The drone tech startup closed its Series B deal just before the U.S. Federal Aviation Administration is scheduled to implement new rules governing commercial and industrial drone use. The Part 107 rules, announced by the FAA in June this year, will take hold as …