• Drone startup Airware crashes, will shut down after raising $118M

    8 days ago - By Tech Crunch

    Drone operating system startup Airware today suddenly informed employees it will cease operations immediately despite having raised $118 million from top investors like Andreessen Horowitz, Google's GV, and Kleiner Perkins. A source sent TechCrunch screenshots from the Airware alumni Slack channel detailing how the staff was told this morning that Airware would shut down.
    The company confirmed the shut down to TechCrunch with this statement:
    “History has taught us how hard it can be to call the timing of a market transition. We have seen this play out first hand in the commercial drone...
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