PALO ALTO, Calif., June 21, 2016 /PRNewswire/ -- UpWest Labs, the leading Silicon Valley early stage fund investing in Israeli entrepreneurs, announced today, the unveiling and funding of their portfolio startup, Airobotics, the world's first fully automated drone platform. Airobotics secured $28.5 million in combined A and B rounds from leading US investors including BlueRun Ventures, CRV, UpWest Lab as well as private individuals such as Noam Bardin, the CEO of Waze, and Richard Wooldridge, Google ATAP's COO.UpWest was the first institutional investor to identify and invest in Airobotics. The automated drone company joined the fund's strong portfolio companies that are focused on transforming today's enterprises through cutting-edge technology. As a completely automated industrial aerial system, Airobotics provides companies with the technology to run missions to monitor, inspect, survey and secure large industrial facilities and other strategic sites. Led by Co-Founders Ran Krauss (CEO), and Meir Kliner (VP R&D), the entire Airobotics' team of 70 people, has extensive technological background as well as practical drone expertise.
"We believe that Israel has some of the most intelligent, experienced and creative minds across a variety of technologies. Specifically, there is a large knowledge base in UAV technologies and we identified Airobotics as a leader with unique experience and expertise in the area. We are proud to bridge this knowledge between Israel and the global economy," explains Gil Ben-Artzy, Founding Partner at UpWest Labs.
"UpWest has been a strong believer in our vision from the first time we met. Their partnership and hands-on support have enabled us to better understand the market needs, engage with large enterprise clients and attract world-class investors that have impacted and accelerated our growth," shared Ran Krauss, Founder and CEO of Airobotics.
About UpWest Labs
UpWest Labs is a Silicon Valley early-stage fund investing in Israeli entrepreneurs aspiring to build large US-based companies. The fund, founded in 2012, has a growing portfolio of more than 60 startups in a wide variety of domains and company maturities. They seek out companies innovating in industries such as: IoT, Artificial Intelligence, Cyber Security, Enterprise solutions, Networked Markets, AR/VR, and more. UpWest provides their portfolio the essential ingredients for rapid success: access to capital, proximity to their target markets, and a supportive community of advisors and talented peers.
Airobotics provides an end-to-end, fully automatic solution for collecting aerial data and gaining invaluable insights. The industrial grade platform is available on-site and on-demand, providing industrial facilities with premium aerial data collection, processing and analysis in a faster, safer, more efficient way.
The team at Airobotics fuses expertise in aerospace hardware design, robust electronic systems, leading software engineering, and years of experience in commercial drone operations. This varied experience has allowed them to design a solution suited to address the needs of the world's most complex industrial environments.
SOURCE UpWest Labs