3D Robotics has raised $50 million in a Series C round led by Qualcomm Ventures, adding to the burgeoning funding going toward drones and the greater robotics industry.
The Berkeley, California-based startup will use the money to invest in drone and software development as well as integrate mobile phone technology, such as processors, into its drones. The mobile device industry has poured so much money into developing miniaturized components for its phones that their processors are now used in everything from robots to satellites.
Foundry Group, True Ventures, OATV, Mayfield, Shea Ventures and other unnamed investors also contributed to the round. Forbes noted 3D Robotics was originally looking to raise $40 million.
3D Robotics previously raised a combined $35 million in its Series A and B rounds. It makes sensor-laden drones that can collect data for farmers, real estate firms and anyone else who could benefit from surveying land from the air. It also makes consumer drones like the Iris+.
Disclosure: 3D Robotics is backed by True Ventures, a venture capital firm that is an investor in the parent company of Gigaom.
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