San Francisco, CA July 23, 2014
Company

From the beginning, we’ve been determined to get the very best people involved with Airware. In the early days, when no one had heard of Airware or knew what a commercial drone was, I had to bribe people with everything from burritos and an ocean view, to the vision of enabling a new industry. Today, you can see the result of our determination throughout the organization – from our amazingly capable interns and experienced executive team, to our world-class investors and advisers.

I’m thrilled to announce that Airware has closed a $25 million round of Series B financing led by Kleiner Perkins Caufield Byers (KPCB) with our existing investors Andreessen Horowitz and First Round Capital participating. This brings our total funding to date to $40 million. I’m especially excited to have Mike Abbott (GP @ KPCB) joining Airware’s board of directors. Mike’s experience building platforms and scaling engineering organizations at Twitter, Palm, and Microsoft will be as invaluable as it is relevant to the growth of Airware.

When I first met Mike, he asked what I was looking for in a board member. In addition to experience building significant platforms, I wanted a veteran operator who had been in the trenches of building companies and who could help me grow as a CEO. Mike fit the bill. He shared with me the challenges he faced as a founder and CEO of Composite Software, a co-founder of Passanger Inc, and his passion for ensuring that the founder CEOs he works with have the resources, advice, and support to make their companies most successful.

We’re grateful to have the endorsement and support of KPCB, A16Z, and FRC and, more importantly, their partnership in building the platform that will fuel the growth of the commercial drone ecosystem and enable commercial drones to address a world of applications.

Jonathan Downey

Jonathan is the Founder and CEO of Airware. He began working on small UAS while studying electrical engineering and computer science at the Massachusetts Institute of Technology (MIT). After graduation, he joined Boeing to work on the development of the A160T Hummingbird, a fully autonomous 6,000-pound helicopter, which broke the world record for longest endurance helicopter flight. Jonathan founded Airware in 2011 due to both personal and industry frustrations with the inflexible and costly “black box” autopilots on the market. In his free time, Jonathan enjoys flying manned aircraft. He is a commercial multi-engine rated pilot with experience flying small singles up through twin turboprops.

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