Iris Automation

Founded in 2015 and headquartered in Reno, US, Iris Automation Inc. specializes in drone safety technology.Iris Automation specializes in advanced drone collision avoidance systems, primarily through its flagship product, Casia. This system provides onboard detect-and-avoid (DAA) capabilities across a 360° field of regard, enhancing safety in drone operations by alerting operators to potential intruder aircraft. The technology is compatible with various airframe types, including multirotor, fixed-wing, and VTOL designs. Iris Automation addresses multiple use cases such as inspections of power lines and pipelines, emergency response operations, aerial mapping, and package delivery.Iris Automation operates a revenue model centered on partnerships and B2B transactions. Clients engage the company to integrate the Casia collision avoidance system into their operations, often through agreements that include subscription-based services for ongoing support and software updates. The financial structure typically involves upfront costs for installation followed by recurring fees for maintenance and upgrades.In October 2023, Iris Automation was acquired by uAvionix Corporation, which will leverage its technologies to enhance commercial offerings. The acquisition is expected to support Iris Automation's strategy for developing upcoming products in the drone technology space and expanding into new geographic markets. Specific plans for future growth include targeting additional international regions and sectors that require advanced drone capabilities.

1. Series B

   Dec 15, 2020

   Amount

   $13M

   Investors

   Locked

2. Series A

   Jan 18, 2018

   Amount

   $8M

   Investors

   Locked

3. Series A

   Jan 18, 2017

   Amount

   $1.5M

   Investors

   Locked

4. Seed

   Aug 31, 2016

   Amount

   Undisclosed

   Investors

   Locked

5. Angel

   Mar 6, 2015

   Amount

   $0.5M

   Investors

   Locked