Sunday, July 29, 2012

Drone-maker Parrot invests $7.5 million in two EPFL spin-offs, sets sights beyond toys

Drone-maker Parrot invests $7.5 million in two EPFL spin-offs, sets sights beyond toys

Switzerland's EPFL has managed to catch our attention with its various UAV-related activities, and it looks like it's also been the radar of Parrot, maker of the AR.Drones. EPFL announced today that the French company is investing 7.4 million Swiss Francs (or about $7.5 million) in two companies that have been spun out of the institution: senseFly and Pix4D. As you may recall, those two have collaborated in the past, with senseFly providing the camera-equipped UAVs necessary for Pix4D's 3D mapping software.

Engadget , Drone-maker Parrot invests $7.5 million in two EPFL spin-offs, sets sights beyond toys, Drone-maker Parrot invests $7.5 million in two EPFL spin-offs, sets sights beyond toys

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