Drone news
EDC Orlando 2021 Will Feature Three Unique Drone Shows
“Under the electric sky” has been the mantra of EDC for as long as we can remember. But this year, the iconic music festival brand has made it literal. After dazzling the EDC faithful with a spectacular drone show in Las Vegas last month, Insomniac will now sweeten the pot at the 2021 edition of EDC Orlando. According to a press release shared with EDM.com, each of the festival’s three days will feature a unique show, where hundreds of iridescent drones coalesce in the night sky. The fleet at the Vegas edition comprised 600 drones, which transformed into numerous configurations, like EDC’s signature owl and a gleaming heart flanked by two human silhouettes. Drone show at EDC Las Vegas 2021. Drone Stories Recommended Articles Developed by Drone Stories, the intr...
Investment in Drone Industry Grows to $1.2 billion
By the end of 2019, total investment in the drone industry was a record-high of $1.2 billion, a Year-Over-Year growth of 67% – this is according to the data acquired by Finbold.com. The report indicates that venture capital funding stood at $930 million at the end of last year. VC funding accounts for 68.87% of all drone industry investment The data shows how between 2008 and 2019 funding in the sector stood at $4.43 billion while venture capitalists pumped in a total of $3.46 billion by last year. In general, drone investment through VC represented 68.87% of all funding. There was a significant spike in the investment between 2012 ($42 million) and 2013 ($121 million) with a growth of about 188.1%. Venture Capital funding joined the drone sector by only $2 million in 2010, a figure t...
