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Business/Financial

Boeing Invests In Small Firm Supporting UAS Traffic Management

By Cal Biesecker

Wednesday, June 6th, 2018

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Boeing Invests In Small Firm Supporting UAS Traffic Management

Kittyhawk's software enables UAS traffic management capabilities. Photo: Kittyhawk

Boeing [BA] on Wednesday said its HorizonX Ventures arm invested in a small company that develops and supplies software for use in helping manage traffic of commercial unmanned aircraft systems (UAS).The $5 million seed funding round in California-based Kittyhawk was led by Bonfire Ventures and includes HorizonX, Freestyle Capital, and Kluz Ventures. HorizonX’s investments are typically in the low single millions of dollars to low double-digit millions of dollars.This is the third investment by HorizonX in UAS technology since the…

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