Firestorm funding proves Crimson Cat’s give attention to navy drones


Enterprise drone big Crimson Cat is doubling down on its give attention to making drones for the navy. The Puerto Rico-based navy tech firm, which owns notable enterprise and navy drone firms comparable to Teal Drones, this week introduced an funding in Firestorm.

Firestorm is a U.S.-based firm constructing a modular drone that can also be 3D-printed and payload agnostic. Crimson Cat offered few particulars on the funds, except for that it’s “a materially important funding.”

The funding is prone to propel Crimson Cat’s different subsidiaries ahead — significantly Teal, which is most well-known for its Golden Eagle surveillance drone, and likewise lately launched what’s referred to as the Teal 2 drone.

“We imagine that our Teal 2 drone and the Firestorm UAV could possibly be an important mixture for the warfighter,”  mentioned Crimson Cat CEO Jeff Thompson in a ready assertion.

The Teal 2 drone was designed particularly for nighttime operations and has a navy focus at its forefront. In actual fact, Crimson Cat has already stuffed an order from U.S. Customs and Border Safety for 54 models of the Teal 2, and the corporate mentioned it has lately been visiting NATO international locations to debate how Ukrainian forces may use the Teal 2 to counter Russian forces significantly after darkish.

What’s Firestorm?

Firestorm markets itself as “a brand new class of fixed-wing UAS with 30-day product iterations, a dedication to open-system architectures, and an additive manufacturing strategy that permits them to scale manufacturing in an elastic method. ”

The drones have especially-long vary, and may also loiter for longer durations, making them extra environment friendly and cost-effective.

With the Crimson Cat funding, Firestorm will get a leg up in a myriad of the way, together with getting access to Crimson Cat’s manufacturing facility in Salt Lake Metropolis which may assist it ramp up manufacturing.

Crimson Cat’s pastime days are over

Crimson Cat at one level owned a spread of drone firms together with well-known names like Fats Shark, which is probably finest recognized for its function making FPV goggles for drone racing (although it additionally makes different merchandise like an all-in-the-box FPV drone racing package. The portfolio additionally included drone way of life and racing model Rotor Riot, in addition to distant inspection firm Skypersonic and Dronebox, an analytics platform for cloud-based flight intelligence.

However lately, Crimson Cat, which is publicly traded on the Nasdaq inventory trade, calls itself “a navy expertise firm that integrates robotic {hardware} and software program to supply crucial situational consciousness and actionable intelligence to on-the-ground warfighters and battlefield commanders.”

It nonetheless owns Skypersonic, and it most prominently touts possession of Teal, which it acquired in 2021. It additionally lately partnered with Tomahawk Robotics and Reveal Know-how.

However so far as a few of the extra hobby-focused firms go, they’re gone. On the finish of 2022, Crimson Cat introduced that it might unload its client division — which consisted of Rotor Riot and Fats Shark Holdings — to an organization referred to as Uncommon Machines for $18 million (consisting of 5 million in money, $2.5 million in a convertible senior word of Uncommon Machines, and $10.5 million in Sequence A convertible most well-liked inventory). These firms had been all about FPV, drone racing and different sides of leisure and pastime drones.

“The sale of Rotor Riot and Fats Shark Holdings will permit us to focus our efforts and capital on navy and protection,” mentioned Crimson Cat CEO Jeff Thompson.

Although hobbyists and racing of us needn’t fear. Rotor Riot remains to be alive and properly, together with its energetic YouTube channel.



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