# Teal Drones

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teal-drones

- Industry: Consumer Products
- Headquarters: South Salt Lake, US
- Website: www.tealdrones.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Jul 20, 2016)
- Investors on record: 2

## About

Teal Drones, Inc. is a U.S.-based manufacturer of small unmanned aircraft systems (sUAS), particularly focused on defense applications for military and allied forces, providing advanced drone solutions for intelligence, surveillance, and reconnaissance operations.Founded in 2014 and headquartered in South Salt Lake, Utah, Teal Drones, Inc. specializes in the production of small unmanned aircraft systems. The company has successfully completed three investment deals, with the latest funding round occurring on June 28, 2023, raising USD 1.2 mn. The CEO of the company is George Matus.Teal Drones specializes in small unmanned aircraft systems (sUAS), particularly focused on defense applications for the U.S. military and its allies. Their core offerings include advanced drone systems, such as the Black Widow™, designed for intelligence, surveillance, and reconnaissance (ISR) missions. These products incorporate AES-256 encrypted video transmission and modular design features for enhanced operational flexibility. The drones are manufactured in Salt Lake City, Utah, and are approved under the Blue UAS program by the U.S. Department of Defense, ensuring compliance with stringent military standards. Teal Drones serves a diverse client base that includes government defense agencies, public safety organizations, and commercial sectors across North America and allied nations in Europe and Asia, focusing on providing robust aerial solutions in complex and demanding operational environments.Teal Drones generates revenue through direct sales of its advanced drone systems, along with associated support services and software solutions. The company’s transactions predominantly follow a B2B model, engaging with government contracts and defense procurement programs, such as the U.S. Army's Short Range Reconnaissance Program of Record. Revenue streams may include one-time sales, recurring maintenance contracts, and potential integration partnerships for software enhancements. While specific pricing details for individual products, including the Black Widow™, remain proprietary, transactions typically involve structured agreements that outline delivery terms, operational training, and ongoing technical support as part of a comprehensive package aimed at maximizing mission success for their clients.With the recent funding of USD 1.2 mn raised on June 28, 2023, Teal Drones plans to expand its military drone program. The company is focused on developing new advanced drone models and enhancing its current product offerings to address emerging defense needs. Additionally, Teal Drones is looking to penetrate new markets, particularly targeting clients in Europe and Asia, with a goal to establish a stronger presence in these regions by 2024.

## Funding rounds

- Seed, Jul 20, 2016, $2.8M — Kickstart
- Seed, Jun 1, 2015 — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed