Despite raising a reported $118m in funding from investors including Intel, Alphabet, GE, Mitsubishi and Caterpillar, Airware has shut down.
Airware, a US-based drone operating system developer backed by corporates Alphabet, Caterpillar, Intel, General Electric and Mitsubishi, has shut down, according to TechCrunch.
Founded in 2011, Airware had developed an operating system for commercial drones called the Aerial Information Platform that enabled enterprise clients in industries such as construction, mining and insurance to analyse aerial data.
The company eventually pivoted to building its own drones, but could not compete with more established players in that field, and finally tried to…
