Airborne industry follows Overwatch funding news with excitement
Media outlets in aerial fire, medical, search & rescue, robotics and more are keen to see Overwatch advance its smart sensor technology and AI-Enabled imaging systems
Hood River, OR: Overwatch Imaging, a leader in airborne imaging systems for piloted aircraft and drones, today announced the close of an $11.15 million Series A round. The company designs and manufactures precision imaging systems with custom onboard AI software for large-scale, time-critical special mission and civil applications. Squadra Ventures and Shield Capital co-led the round. They are joined by strategic investors L3Harris Technologies (NYSE: LHX) and Bridger Aerospace, as well as the Portland Seed Fund.
The funds will be used to accelerate Overwatch Imaging’s growth worldwide, including meeting high demand for its products, enhancing its automation and image analytics software, and expanding into new market segments. The company plans to hire 15 to 20 more engineers and business development personnel this year.
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Portland Business Journal:
About Overwatch Imaging
Overwatch Imaging designs and manufactures imaging systems with custom onboard AI software for piloted aircraft and drones. The precision imaging systems help organizations quickly find what they are looking for from the air, so they can focus less on the search and more on the best response. Specific uses of Overwatch Imaging systems include automated land surveillance, maritime patrol and search, and linear infrastructure inspection. Overwatch Imaging was founded in 2016 by UAS and airborne imaging experts and is based in Hood River, Oregon. For more information, please go to www.overwatchimaging.com.
More About the Investors
Squadra Capital: https://www.squadra.vc
Shield Capital: https://shieldcap.com
L3Harris Technologies: https://www.l3harris.com
Bridger Aerospace: https://www.bridgeraerospace.com
Portland Seed Fund: http://portlandseedfund.com