The venture arm of Caterpillar Inc., a major manufacturer of construction and mining equipment, has invested in San Francisco drone tech startup Airware. Rather than make its own unmanned aerial vehicles, Airware has focused its efforts around providing software and services that help large enterprises use drones throughout their operations.
Airware’s cloud-based software helps companies plan flights, automate those as much as possible, then analyze all the data their drones collect. In putting drones to work, large construction, mining and insurance companies generally seek to cut costs, improve worker safety or increase their revenue and productivity.
The founder and CEO of Airware, Jonathan Downey, tells TechCrunch that the company has narrowed its focus from many industries to just a few: insurance, construction and mining. “These are industries where there’s already a real use case, and economic feasibility for employing drones commercially at scale,” he said.
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