PrecisionHawk
| Founded | 2010 |
|---|---|
| Headquarters | Raleigh, North Carolina, United States |
| Industry | UAV Systems and Aerial Survey |
| Website | www |
PrecisionHawk is a commercial drone and data company. Founded in 2010, PrecisionHawk is headquartered in Raleigh, North Carolina with another global office in Toronto, Canada and satellite offices around the world. PrecisionHawk is a manufacturer of drones (Lancaster) and has more recently focused heavily on developing software for aerial data analysis (DataMapper) and drone safety systems (LATAS). PrecisionHawk is a member of the U.S. Federal Aviation Administration Pathfinder Initiative and the NASA UTM Program. An angel investor in the company, Bob Young, founder of Red Hat, became CEO in August 2015. In August 2016, PrecisionHawk became the first U.S. company to receive an FAA exemption to commercially fly drones beyond the operator’s visual line of sight.
PrecisionHawk, originally “WineHawk,” was founded in Toronto, Canada by Christopher Dean and Ernest Earon in 2010 as a manufacturer of autonomous, hand-launched, fixed-wing unmanned aerial vehicles used to dispel predatory birds over vineyards. The direction of the company soon shifted with the addition of cameras to the aircraft that could provide clients with an aerial view of their fields.
PrecisionHawk was incorporated in 2012 as one of the first commercial drone companies focused on agricultural aerial data. Since then, PrecisionHawk began drone servicing for enterprise clients (2011), released its Lancaster drone (2012), founded DataMapper (2014), launched LATAS (2015), acquired TerraServer (2015), partnered with drone giant DJI (2016) and began manufacturing sensors (2016). Closing a series C round of investment in May 2016, PrecisionHawk’s global investors include Intel, Dupont, Verizon, Yamaha, USAA and NTT Docomo. While agriculture continues to be a major market for PrecisionHawk, top industries also include energy, insurance, mining, construction, emergency response and environmental monitoring. Red Hat Inc. cofounder Bob Young, who served as PrecisionHawk’s CEO from July 2015 till January 2017, handed over the reins of the company to another veteran of enterprise software, Michael Chasen, a cofounder and former CEO of education tech giant Blackboard Inc.
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