Washington, D.C.-based Aerial Applications has closed a $4.5 million equity funding round with participation from angel investors, Austin-based Capital Factory and personal investors. This is the company’s first major funding raise since relocating to the District last year.
“Since relocating to DC we’ve built a number of very exciting relationships, and I believe this funding round reflects our investors’ confidence in the direction we’re headed,” Jeff Brooks, the company’s CMO, told Technical.ly.
The tech startup collects and processes data from drones, and builds software that makes using that data easy for businesses. During Hurricane Florence, Aerial Applications deployed 20 drones in an effort to gain images to aid in recovery missions.
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