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Aerodome Raises $21.5M in Series A Funding Led by CRV

Aerodome Raises $21.5M in Series A Funding Led by CRV

May 23, 2024 Craig Etkin

Entrepreneur and Reserve Police Officer Rahul Sidhu and Chief Architect Kenaniah Cerny Expand Next-Gen Drone-As-First-Responder Technology for Public Safety Agencies

May 22, 2024 07:03 AM Pacific Daylight Time

LOS ANGELES–(BUSINESS WIRE)–Aerodome, the leader in Drone-As-First-Responder (DFR) technology, today announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and growing its engineering and go-to-market teams. CRV led the round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford Street Ventures. The company raised its seed round in October 2023, led by a16z and 2048 Ventures, bringing its total funding to $28 million.

“Speed is of the essence in emergencies. Aerodome doesn’t just provide police agencies with ROI, it also gives them an insanely valuable source of real-time intelligence to first responders out in the field.”

“Upon experiencing Aerodome’s technology firsthand on a fly-along, I immediately recognized its potential to have a scalable impact on public safety and its ability to save lives,” said Saar Gur, General Partner, CRV and Aerodome’s newest board member. “Speed is of the essence in emergencies. Aerodome doesn’t just provide police agencies with ROI, it also gives them an insanely valuable source of real-time intelligence to first responders out in the field.”

Co-founded by Aerodome CEO and reserve police officer Rahul Sidhu and Aerodome Chief Architect Kenaniah Cerny, the company is ushering in a new era of DFR with a turnkey solution that is faster, safer, and more energy efficient than others on the market. By providing a fully automated and remote air support operating system, Aerodome equips agencies with a highly advanced, 24/7 solution that reduces the need for patrol officers to respond to calls by 15 percent while offering 80 percent faster response times.

“As the second officer in the country to launch a DFR program, I wanted to build a more advanced, automated solution that would reduce the strain on officer resources,” said Sidhu, also a former paramedic, crew chief, and pilot. “Our DFR 2.0 solution is a true force multiplier, since it only requires a single operator overseeing multiple drones at once. Our air traffic awareness system acts as a better observer than human pilots – capable of tracking planes, helicopters, other drones, and even birds in all directions, which saves precious time and resources for agencies.”

In just a year since its founding, Aerodome has secured contracts with police departments, nearly doubling its earnings projections for Q1 of 2024. Aerodome attributes its rapid growth to its advanced DFR system that is fully remote and automated, multi-station, and multi-drone. Agencies are using the Aerodome DFR system to accomplish an average 86-second response time to 911 calls, versus the average 7-8 minutes of many precincts reliant on traditional response measures alone. Additionally, with an average of two deaths per year from aviation-related crashes, plus widespread pollution from helicopters, DFR continues to offer a safer, more environmentally conscious supplement to police helicopters.

“Aerodome’s willingness to engage with our staff on the unique characteristics of our jurisdiction, and future directions with which to grow DFR capabilities, has led to high levels of confidence between our Department and their company,” said Lieutenant Robert Mitchell at Hawthorne Police Department. “We were happy to partner with Aerodome. They did what they said they were going to do, and more.”

Aerodome has also secured a new exclusive partnership with Hextronics, a world leader in enabling drone autonomy. Hextronics is supplying a drone dock that is purpose-built for DFR with a rapid, automated battery-changing system, HVAC system, and the ability to operate remotely in any condition.

To learn more about Aerodome’s mission and products, additional information can be found at aerodome.com.

About Aerodome:

Based in Los Angeles, Aerodome is bringing the future of air support to public safety agencies. Using a fully integrated, automated, and remote software operating system, Aerodome equips agencies with highly advanced, 24/7 Drone-As-First-Responder (DFR) capabilities. The company has received funding from CRV, Andreessen Horowitz (a16z), Karman Ventures, and more.

Contacts

press@aerodome.com

(c)2024 Business Wire, Inc., All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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