PRECISIONHAWK

History

Year	Detail
2010	PrecisionHawk was established under the name "WineHawk," and their first drones chased pest birds away from vineyards. During these early missions, the company learned how to collect aerial images of plants and extract crop data to support vintners' operations.
2012	The company has expanded into other parts of agriculture. From scouting crops to assessing their health, growers and researchers looked at drones as a way to collect more precise data. With a renewed focus on precision agriculture, It has changed its company name to "PrecisionHawk."
2013	PrecisionHawk received its first investment round, totaling one million dollars.
2014	The company has launched a cloud application that automatically processes aerial images into maps, models, analyses, and reports.
2015	PrecisionHawk has received the first commercial waiver to fly drones beyond line of sight.
2016	It has raised $18 million from DuPont, Verizon Ventures, USAA, Intel Capital, Yamaha Motor and NTT Docomo. The funding helped the company to expand Precision Mapper's capabilities and start a geospatial science team.
2017	The company has expanded drone products and services into the energy, insurance, construction, and government sectors.
2018	PrecisionHawk closed the Series D funding round, raising the total to more than $100 million. It has started to expand all that to help business, research, and governmental leaders use aerial intelligence to transform their work.
2019	It has launched PrecisionAnalytics, the newest aerial mapping, modeling, and inspection platform. With this software, enterprises can apply the latest generation of Al to their aerial data.
2020	The company has closed Series E funding round of $32 million. It used this to develop the next generation of PrecisionAnalytics and further invest in sales and servicing operations.
2023	PrecisionHawk was acquired by Field Group, a European company focused on data analysis solutions for the infrastructure, construction, environment, and public service sectors.
2023	The company voluntarily filed for Chapter 7 bankruptcy.