PrecisionHawk, a drone manufacturer spun out of Indiana University, has attracted Intel Capital as an investor in its series B round. In September 2014, the company raised $10m in the round led by Millennium Technology Value Partners, with participation by existing investors Innovate Indiana Fund and Bob Young, co-founder of RedHat and Lulu.com.

As part of the investment, Tammi Smorynski of Intel Capital and will join the spin-out’s board as an advisor.

The size of Intel’s investment has not been disclosed but it was announced as part of larger news at Intel Capital Global Summit. In total, Intel Capital is backing sixteen startups and spin-outs with a combined $62m investment.

PrecisionHawk builds fully autonomous unmanned aerial vehicles, or drones, and offers cloud-based software to process and analyse the collected data.

Christopher Dean, chief executive at PrecisionHawk, said: “Intel Capital understands, as we do, that the unmanned aerial vehicles platform is not the product. Our product is information delivery. The expertise that this group will bring in manoeuvring the highly-competitive global market combined with our information-first model and data-driven approach will be invaluable as we continue to service an increasingly large, and growing, market sector.”